Newsletter
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…
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…
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…
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;…
The Partial Exemption Annual Adjustment
The Partial Exemption Annual Adjustment What is the annual adjustment? Why is it required? An annual adjustment is a method used by a business…
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 notify a taxpayer to make POA if a business renders…
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…
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…
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…
