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CVC VAT Focus 12 April 2018

PARTIAL EXEMPTION It is around this time of year that those businesses that are partially exempt are required to calculate their annual adjustment.  This adjustment must be made in the VAT return period ending June/July or August but can...

CVC VAT Focus 22 March 2018

PARTIAL EXEMPTION It is around this time of year that those businesses that are partially exempt are required to calculate their annual adjustment.  This adjustment must be made in the VAT return period ending June, July or August but...

Westminster - Budget

2018 Spring Statement and VAT

In the Spring Statement, the Chancellor announced details of two consultations with implications for the future operation of VAT. VAT threshold One of the conclusions of a recent Office of Tax Simplification (OTS) report regarding UK VAT was that...

CVC VAT Focus 08 March 2018

PARTIAL EXEMPTION It is around this time of year that those businesses that are partially exempt are required to calculate their annual adjustment.  This adjustment must be made in the VAT return period ending June/July or August but can...

CVC VAT Focus 22 February 2018

HMRC NEWS ‘Reasonable care’ guidance HMRC has issued guidance on what it considers to be ‘reasonable care’. If a taxpayer fails to take reasonable care HMRC can and will issue penalties. CVC BLOG CVC client wins case before Tribunal...

CVC VAT Newsletter for Charities – February 2018

   This VAT & Charities newsletter comments on the following: Local Healthwatch organisations campaign by HMRC VAT & crowdfunding VAT exemption for welfare services Whether the construction of a cricket pavilion was zero-rated? Whether free admission to events run...