JD Supra

HMRC Changes VAT Rules For Early Contract Termination Fees

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 ...
JD Supra

HMRC Confirms Revised Policy on the VAT Treatment of Early Termination Fees and Compensation Payments

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.
AccountingWEB

Hair-loss firm locks in zero-rated VAT decision

Mark Glenn Ltd (MGL) offered a hair replacement system known as the Kinsey system, aimed at women suffering from severe hair ...
londonlovesbusiness.com

HMRC now issuing more and more of its heaviest fines for VAT errors

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AccountingWEB

Nursery food temperature a hot topic in VAT appeal

We are all familiar with the long litany of court cases regarding VAT on food. The majority of them have focused on whether something is or is not ...
Solicitors Journal

HMRC appeals VAT tribunal ruling: a glimmer of hope for branded medicine suppliers?

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 ...
The Mirror

HMRC starts brutal VAT crackdown on people who 'should have known'

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 ...
SME Magazine

HMRC chasing £27 billion of overdue tax payments

Overdue payments of corporation tax, VAT and PAYE to HM Revenue & Customs (HMRC) reached £27.1 billion in the third quarter ...
Computer Weekly

HMRC VAT rules cut cloud costs by 20% for NHS and government departments

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 ...
Pensions Expert

Decoding HMRC’s reading of the VAT verdict

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 ...
Online Recruitment

HMRC confirms Nursing Agencies VAT Concession will continue

The REC received notification from HM Revenue and Customs earlier today that the Nurses Agencies Concession on VAT will continue to be available to employment businesses The REC received notification ...
Birmingham Mail

HMRC begins brutal VAT crackdown on people who 'should have known'

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 ...