Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...

New guidance has been issued by HMRC setting out their new policy on the VAT treatment of early termination fees and compensation payments, supplanting heavily criticised guidance issued in 2020.

We have two clients awaiting VAT refunds from the 30/09/2025 quarter end - when repayments did not come through within a few weeks we naturally assumed ...

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This should stop the main fraud of 3rd parties intercepting the post or a newly issued VAT number, as it would seem only the person who applied (and received the reference number) can be the only ...

HMRC is reportedly targeting the construction industry in a VAT crackdown. HMRC is "pursuing" compliant businesses for sums owed by others, it has been claimed, under a long-running wrangle between ...

HM Revenue & Customs (HMRC) will allow NHS and government departments to reclaim the VAT on off-premise purchases. In bowing to pressure from cloud-championing campaigners, HMRC unveiled a revamped ...

HM Revenue & Customs has now published its eagerly awaited guidance on VAT and pension schemes, following the recent European Court of Justice cases. In short, it is good news for trustees and ...

Tabitha Reed and Julia Cockroft examine the Tribunal’s ruling, its implications for suppliers of branded medicines, and whether the case could unlock significant VAT repayments in an already turbulent ...

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Even through using the best accounting software, the process of registering for VAT for the first time can have a few potentially confusing points – and timescales which may concern you if you feel ...

HMRC is reportedly setting its sights on the construction industry in a VAT crackdown. It's been claimed that HMRC is "pursuing" compliant businesses for sums owed by others, amid an ongoing dispute ...