Insights

03 April 2019

VAT & Duty

Balhousie Holdings ruling highlights importance of understanding VAT zero-rating

A recent Court of Session decision has highlighted the complexity and risk in the VAT zero-rating rules for many types of communal residential buildings, care homes and charities. Not understanding these rules can lead to substantial VAT costs which can arise many years after the building was completed.

25 March 2019

Brexit update: where we are now?

We always guessed that the last week of the UK’s intended Brexit date of 29th March 2019 would be full of last minute hitches, but to have got to the Monday before B-date and for all aspects to still be up in the air means that it couldn’t be any worse for businesses who eagerly await certainty. Briefly, here’s what we now know.

12 March 2019

VAT & Duty

Making Tax Digital: The wait is over - it’s time to act

Making Tax Digital becomes a reality for VAT in April 2019 . That’s not much time to make sure you’re compliant – and there’s a lot of information to get your head around. In the first of two blogs, Nigel Roberts, Johnston Carmichael’s Head of Indirect tax considers why HMRC are pushing a digital agenda for tax and how to get ready for the deadline.

05 February 2019

No Deal Brexit – VAT changes you need to be aware of

HMRC has published guidance on a number of VAT changes which will impact businesses which trade with EU in the event of a “No Deal” Brexit. If you currently sell digital services to consumers in other EU countries, claim VAT incurred elsewhere in the EU or use the EU “VIES” database to check EU customer and supplier VAT numbers, you need to be aware of these changes.

05 February 2019

VAT & Duty

No Deal Brexit - HMRC announce help for businesses through simplified Customs procedures

As the political uncertainty around the form of the UK’s exit from the EU remains, HMRC are ramping up their preparations for a possible no deal exit.

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