HMRC Publish annual report and accounts 2023 to 2024

HMRC has published its latest report and accounts. Headlines £843.4 billion total tax revenues collected which is a 3.6% increase on 2022 to 2023 VAT – gross revenue was £277.7…

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Industry updates, Newsletter
Posted on: 9th September 2024

DIY Housebuilders’ Scheme Top 10 Tips

DIY Housebuilders' Scheme Top 10 Tips If you build your own home or convert a non residential building into a home, there is a scheme available which permits you to recover certain VAT incurred on…

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Industry updates, Newsletter
Posted on: 9th September 2024

Understanding land and property issues

Understanding land and property issues Supplies relating to property may be, or have been; 20%, 17.5%, 15.%, 10% 5%, zero-rated, exempt, or outside the scope…

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Industry updates, Newsletter
Posted on: 9th September 2024

VAT Treatment of Serviced Apartments : The Realreed Limited Case

VAT Treatment of Serviced Apartments : The Realreed Limited Case Background Realreed owns a property called Chelsea Cloisters in Sloane Avenue, London. The property comprises;…

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Industry updates, Newsletter
Posted on: 6th February 2024

The Partial Exemption Annual Adjustment

The Partial Exemption Annual Adjustment   What is the annual adjustment?  Why is it required? An annual adjustment is a…

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Industry updates, Newsletter
Posted on: 6th February 2024

HMRC have updated its Payments on Account (POA) guidance

HMRC have updated its Payments on Account (POA) guidance  What are POA? These are advance payments towards a business’ VAT bill. They are mandatory. HMRC will…

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Industry updates, Newsletter
Posted on: 6th February 2024

How do HMRC choose which businesses to inspect and what is “Connect”?

How do HMRC choose which businesses to inspect and what is "Connect"? Big Brother is watching you… It always used to be the case that…

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Industry updates, Newsletter
Posted on: 6th June 2023

Are Turmeric shots zero rated food?

Are Turmeric shots zero rated? The Innate-Essence Limited Case In the Innate-Essence Limited (t/a The Turmeric Co) First Tier tribunal (FTT) case the issue was whether turmeric…

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Industry updates, Newsletter
Posted on: 6th June 2023

Charity exemption for show admittance – The Yorkshire Agricultural Society case

Charity exemption for show admittance - The Yorkshire Agricultural Society case In the Yorkshire Agricultural Society First Tier Tribunal (FTT) case the…

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Industry updates, Newsletter
Posted on: 6th June 2023