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VAT for Schools – the Capital Goods Scheme

When the possibility of VAT being introduced on school fees was first mentioned, there was talk about being able to recover VAT incurred on costs which were previously irrecoverable. What followed, was a certain degree of incredulity as to whether this was possible and mutterings from within the Labour Party that they would put a stop to that!

Publications
VAT
22nd May 2024
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VAT for Schools – The reality of VAT on school fees

Phil Salmon, Partner and Co-Head of VAT, sets out some further thoughts on the possibility of the introduction of VAT on school fees in the second of a series of articles.

Insights
VAT
16th April 2024
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Customer Relationship Management in hand
VAT on international supplies in financial services

The globalisation of financial services necessitates a comprehensive understanding of VAT treatment on international supplies for UK-based businesses. This complexity is heightened when dealing with services to non-UK customers and costs incurred from non-UK suppliers.

Insights
VAT
4th April 2024
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The basics of VAT in the Financial Services sector

For financial services businesses, understanding the VAT rules is crucial for maintaining compliance and optimising tax efficiency. This article aims to demystify the basics of VAT as it applies to financial services, guiding businesses through the complexities of VAT recovery, exemptions, and the nuanced calculations required for partial exemption and attribution of residual costs.

Insights
VAT
3rd April 2024
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To opt or not to opt?

Have you considered opting to tax your land and buildings? Unsure of how opting to tax your buildings or land might affect you?  Keep reading to find out whether opting to tax is the right plan of action for you. In this article we provide an overview of what an Option to Tax is and discuss some of the benefits and implications of opting properties.

Insights
VAT
5 January 2024
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VAT – Reverse charge for building and construction services

The VAT Domestic Reverse Charge (DRC) for building and construction services was introduced on 1 March 2021. For all businesses within these industries, it is important to be aware of the relevant supplies that this applies to and how it works in practice.

Insights
VAT
1 February 2024
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VAT recovery on sale of shares in subsidiary companies

In July 2023, the Upper Tier Tribunal (UTT) released its decision in the case of Hotel La Tour (HLT).

Insights
VAT
4th March 2024
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VAT – Business Gifts and Samples

During 2023, HMRC issued a significant number of VAT assessments to businesses using social media influencers to advertise their products. These assessments were on the basis that products issued to influencers were not free of charge ‘gifts’ under the UK VAT provisions but were supplied in return for services provided by the influencer and should be subject to VAT – even if they were provided free of charge. In this article, we look at the VAT rules applying to such arrangements.

Insights
VAT
6th February 2024
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