Insights

Tony Cochrane

VAT Senior Manager

06 September 2019

VAT & Duty

Is VAT ever recoverable on buying a car?

The recovery of VAT on cars has always been a contentious area for UK businesses. A recent First Tier Tribunal case over such VAT recovery has found in the taxpayer’s favour. This case may be of interest to VAT registered businesses that have incurred VAT on the purchase of cars exclusively for their business purposes.

30 August 2019

A ‘No Deal’ Brexit: Considerations and Preparation for Scottish businesses

It’s almost impossible to avoid the phrase “No Deal Brexit” at the moment. It’s everywhere – on the radio, in the papers and all over the internet. Depending on your source, it’s almost inevitable or increasingly likely or just possible….but what does it actually mean? What are the implications for the Scottish business community and can you do anything now to prepare.

22 August 2019

HMRC announce auto-enrolment for UK businesses for a UK EORI number

Following the announcement that the UK government plans to enrol VAT registered firms with an EORI number to allow them to continue trading with the EU in the event of a No Deal Brexit, accountancy and business advisory firm Johnston Carmichael highlights its importance to firms trading internationally.

21 August 2019

Changes to VAT treatment of energy saving materials from 1 October 2019

Changes are being introduced from 1 October 2019 which will result in the supply of certain Energy Saving Materials (ESMs) being subject to VAT at 20% rather than 5%.

31 July 2019

Should you remain in the VAT Flat Rate Scheme after 1 October?

From 1 October 2019 a domestic “reverse charge” rule will be in force, affecting the VAT treatment of supplies in the construction sector. Businesses who remain in the Flat Rate Scheme may be worse off if they don’t revert to standard VAT accounting before 1 October.

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