Deferred VAT Payments – What happens next?
VAT payments totalling £30billion were deferred between March and June 2020 and are due for payment before 31 March 2021. What if you can’t pay your deferred VAT? HMRC are […]
Insights
Brexit supply chain: time to prepare
UK manufacturers are running out of time to prepare their supply chains for Brexit with less than two months to go until the transition period ends. Due to Covid-19, the […]
What is the temporary reduction in VAT available to the hospitality, holiday accommodation and attraction sectors?
Carol Hallam – VAT Specialist Update following the Government’s Winter Economy Plan on 24 September 2020: The temporary reduced VAT rate for hospitality, holiday accommodation and attractions has been extended. […]
Change of use of Charitable and Relevant Residential properties
In appropriate circumstances, charities, care home operators and not for profit entities are entitled to receive supplies of building services at Zero Rate VAT. To qualify, the entity must first […]
Border Operating Model – high level overview
Sean Turner – VAT SpecialistDD: +44 (0)207 465 1908 The UK’s document on The Border with the European Union, Importing and Exporting Goods, or Border Operating Model (BOM), was published […]
What is the Eat Out to Help Out Scheme?
Carol Hallam – VAT Specialist The Eat Out to Help Out Scheme has been introduced as part of the government COVID package to help rebuild businesses and may be used […]
Coronavirus VAT FAQs
Sarah BarronVAT SpecialistDD: +44 (0)1489 566298 Sean TurnerVAT SpecialistDD: +44 (0)207 465 1908 The spread of the Coronavirus (COVID-19) continues to dominate the news, with major implications for public health […]
Delayed payment of import duty and VAT due to COVID-19 – update HMRC advice 12/05/2020
Sean Turner – VAT SpecialistDD: +44 (0)207 465 1908 Payment of VAT and duty is a cash flow burden on businesses, which HMRC recognised by introducing the VAT payment deferment […]
Medical supplies import VAT and duty relief
Sean Turner – VAT SpecialistDD: +44 (0)207 465 1908 Import VAT and duty relieved on medical supplies, equipment and Personal Protective Equipment (PPE) brought into the UK during the Covid-19 […]
Exporting PPE? Apply for a Covid-19 licence
Sean Turner – VAT SpecialistDD: +44 (0)207 465 1908 Changes to procedures for exporting Personal Protective Equipment (PPE) HMRC have introduced changes to the export of PPE during the coronavirus […]
VAT in 60 Seconds
Sarah BarronVAT SpecialistDD: +44 (0)1489 566298 Sean TurnerVAT SpecialistDD: +44 (0)207 465 1908 Menzies VAT team have put together a 60 Second Update, with the aim of highlighting topical issues […]
VAT for property developers in a market slow down
Sarah Barron – VAT SpecialistDD: +44 (0)1489 566298 Developers building new homes with the intention of selling them are able to recover the majority of VAT they incur on costs, […]
Customs authorisations during the Covid-19 crisis
Sean Turner – VAT SpecialistDD: +44 (0)207 465 1908 HMRC have announced temporary changes to customs policy and authorisations to assist during the coronavirus outbreak. Your business may be affected […]
MTD Stage 2 – Digital Links
Sarah Barron, VAT Senior Manager Most, though not all, businesses are now successfully filing returns using an MTD compliant link to HMRC using its API platform. The second stage of […]