The Retail Export Scheme (the Scheme) has been withdrawn with effect from 1 January 2021 following Brexit. The Retail Export Scheme allowed overseas visitors to purchase goods VAT-free when in the UK and leaving the EU with the goods within three months of the sale. Retailers previously would charge VAT on the initial sale of […]

Prior to 1 January 2021, when a UK business supplied goods to individual consumers within the EU there was previously a requirement for UK VAT to be charged until the value of the goods sold to an individual country exceeded the distance selling threshold, at which point a requirement to register for VAT in that […]

From 1 January 2021, Northern Ireland is now in the strange position of having dual status with the EU and UK VAT and customs union for goods. The aim is to avoid physical border controls at the Northern Ireland and Republic of Ireland border.

Now that the Brexit transition period has ended, we have provided some key things to remember when tax planning for 2021.

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With the third lockdown underway and the prospect of another few months of the same ahead of us, COVID-19 has definitely made its mark. 2020 has been extremely challenging for the sector and 2021 shows no clear end in sight. Planned performances have been cancelled, rescheduled and adapted to deal with the ever-changing guidelines on social distancing. So where does this leave companies making claims for Theatre Tax Relief (TTR) and other creative sectors relief?

We explore below how recent changes to performances may impact the ability to make a claim under the existing legislation and, what companies should consider in order to protect their claims as far as possible.

Although the specific examples given below refer to theatrical productions, similar adaptations and interpretation will apply to Museums and Galleries Exhibition Tax Relief and to Orchestra Tax Relief, as these have also been affected by the pandemic.

At the outset of the COVID-19 pandemic, HMRC announced the extension of the working from home allowance for employees, and made it easier to claim where staff have been required to work from home as a result of the various lockdowns.

When Making Tax Digital (MTD) first came into force, HMRC implemented a ‘soft-landing’ transition period to allow businesses to get their digital links into place. Whilst we are in the soft-landing period, it is still considered acceptable to copy and paste data for your VAT return and HMRC will not be issuing penalties during this […]