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Making Tax Digital: VAT Notice 700/22

HMRC have today issued VAT Notice 700/22: Making Tax Digital which offers explanations to some of the questions surrounding the initiative. Making Tax Digital requires charities and businesses with a taxable turnover above the VAT registration threshold to keep...

CVC VAT Focus 12 July 2018

HMRC NEWS VAT grouping eligibility criteria changes This latest measure will allow certain non-corporate bodies to join VAT groups. For example a charitable trust which is VAT registered as a partnership may now be able to form a group...

CVC VAT Focus 31 May 2018

HMRC NEWS Imports and VAT (Notice 702) One must now report imports that are over £873 in value on a Single Administrative Document.   OTHER VAT NEWS We understand that HMRC has begun to contact firms directly regarding the...

CVC VAT Newsletter for Charities – May 2018

Thank you for ‘opting in’ to receive our VAT & Charities newsletter. Following the recent changes surrounding personal data we are grateful for your continued interest in our circulation. We will continue to report on interesting cases, changes in...

CVC VAT Focus 17 May 2018

  HMRC NEWS VAT on antiques or art from historic houses (Notice 701/12) This explains which disposals of assets from historic houses are within the scope of VAT. HMRC and online marketplaces agreement to promote VAT compliance HMRC has...

CVC VAT Focus 26 April 2018

  HMRC NEWS HMRC has updated guidance on its website as follows: Register for VAT if you own land with another person Find out if you need to register for VAT jointly or as an individual when you buy,...

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...