VAT

All posts tagged VAT

MTD Update – Delayed for NHS bodies

by Berthold Bauer on October 19, 2018

HMRC have announced this week that Making Tax Digital will be delayed for some bodies, importantly including the NHS, until 1 October 2019. It was anticipated, given the complexities of the NHS and the requirement for monthly returns that they might introduce a delay for the requirement. This of course does allow everyone a little more time to ensure they have the appropriate means to submit their returns with the appropriate software, but it’s something we advise our Clients to prepare for as early as possible to avoid any potential problems.

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Berthold BauerMTD Update – Delayed for NHS bodies

New HMRC VAT Rules: Building Contractors to become responsible for sub-contractors VAT

by Berthold Bauer on June 21, 2018

A new VAT Accounting procedure is to be implemented in October 2019 whereby the Main Contractor will become responsible for a sub-contractors VAT. In the same way in which the Construction Industry Scheme has addressed the missing tax aspect of labourers and small traders in the construction industry (by placing the burden of tax collection on Main Contractors & Developers); the purpose of the Reverse Charge for Construction Services is to reduce the occurrences of ‘disappearing trader fraud’.

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Berthold BauerNew HMRC VAT Rules: Building Contractors to become responsible for sub-contractors VAT

Moorfields Divisional VAT Registration

by Berthold Bauer on February 28, 2018

It has recently come to light that Moorfields Eye Hospital NHS Foundation Trust (Moorfields), an NHS organisation which has traditionally sat outside of the English Divisional VAT Registration has opted to join.

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Berthold BauerMoorfields Divisional VAT Registration

VAT & Construction Post-Brexit?

by Berthold Bauer on January 17, 2018

VAT accounted for nearly a quarter of all UK tax revenues in 2015/2016; so it’s virtually guaranteed it will remain in place after Brexit (VAT in one form or another being in place for many non-EU countries: Switzerland, Norway, Israel & now even the United Arab Emirates).

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Berthold BauerVAT & Construction Post-Brexit?