The report, which polled more than 1,100 businesses of all sizes, found that 64% were bamboozled by an array of rates and rules to comply with VAT legislation. (more…)
The 2017 case involving Brabners Solicitors and in particular the VAT treatment of online search fees has been well documented. At MHA Broomfield Alexander, we have seen evidence of HMRC’s targeted approach in visiting firms to follow up on this issue. (more…)
There are two key questions to ask when deciding whether the sale is standard rated or zero rated.
- Is any supply of food for consumption on the premises on which it is supplied; and
- Is any supply of hot food provided for consumption off those premises?
Broomfield & Alexander have been working extensively with our clients to move them to accounting software systems. This is in preparation for April 2019 when HMRC will expect VAT registered businesses to be able to pass their VAT return data across directly to HMRC in a digital format.
Liz Maher from Centurion VAT Specialists team – who works with us in supporting our Charity Sector clients – has passed news to us of a significant VAT change which will impact across the sector. (more…)
In the last few weeks I have seen two businesses that have been using the VAT flat rate scheme that would be far better off outside the scheme. Why is this? The flat rate scheme is a simplification introduced by HMRC to help small businesses account for VAT more simply. However as a simplification, it is not the best route for every business. (more…)