Cracking Cheese?

Cracking Cheese? The First-tier Tribunal recently looked at the issue in dispute between Lunar Missions Limited and HMRC. Lunar Missions Limited is proposing to carry out exploration of part of the moon where none has so far been carried out – the South Pole region. To fund the initial work on the this project the company set out to raise money … [Read more...]

Budget 2017 and VAT

There was very little of general application, in the Autumn Budget 2017, on VAT. Before the Budget, on 22 November 2017, there were rumours that the Chancellor would lower the VAT registration limit to £20,000 following reports in newspapers that seemed to take elements from the Office of Tax Simplification (OTS) report on simplifying VAT and … [Read more...]

VAT’s the difference between a care home and a hospital?

VAT’s the difference between a care home and a hospital? Recently HMRC published a Revenue & Customs Brief on its policy concerning the zero-rate for new buildings intended for a relevant residential purpose as care homes. Following the First-tier Tribunal decision in Pennine Care NHS Trust HMRC has reviewed its policy on when the zero-rating … [Read more...]

Road Fuel Scale Charge from May 2017

I have posted updated Road Fuel Scale Charge data that applies to VAT period starting after 30 April 2017. You can find it on the Road Fuel Scale Charge from 1 May 2017 page. … [Read more...]

Budget 2017: VAT issues

In his Budget on 8 March 2017 the Chancellor of the Exchequer, Philip Hammond, covered four VAT items. Only one of which I heard mentioned in his speech. The rest were covered in the supporting documents published after the Chancellor finished his speech in the House of Commons. VAT registration limit The VAT registration limit will increase by … [Read more...]

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