Insights

06 February 2020

Scottish Budget 2020/21 - increase to LBTT rate for non-residential leases

Kate Forbes, Minister for Public Finance and Digital Economy, announced an increase of LBTT from 1% to 2% on certain non-residential (commercial) property leases, with effect from 7 February. The increase comes into force the day after the Budget announcement, but is still subject to Royal Assent.

06 January 2020

VAT & Duty

Tribunal declares digital newspaper subscriptions to be VAT zero-rated

In a decision released on Christmas Eve, the Upper Tax Tribunal provided an early Christmas present for the newspaper industry by confirming that digital editions of The Times, Sunday Times and The Sun qualified for the same VAT zero-rate as paper editions.

Tony Cochrane

VAT Senior Manager

18 December 2019

Making Tax Digital: opportunity to extend digital links deadline

HMRC has announced it will consider requests from businesses who wish to extend the Making Tax Digital (MTD) digital links deadline that comes into force in 2020. Read on to find out more about digital links, whether your business fits the criteria for an extension, and if so, the steps you need to take to apply now.

Susie Walker

Partner and Head of Tax

28 October 2019

Brexit update - “flextension” to 31 January

EU leaders have today agreed to accept the UK’s request for a Brexit “flextension” until 31 January 2020, meaning if a deal is sealed before this date and agreed by Parliament then it can happen sooner.

06 September 2019

Good news for the construction sector as reverse charge VAT change is delayed by a year

HMRC has today announced that the introduction of the construction industry VAT reverse charge, due to come into effect on 1 October this year, has been postponed for 12 months.

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