The Court of Justice of the European Union (CJEU) has recently overruled UK court decisions in the cases of Bookit Ltd and National Exhibition Centre Ltd. The issue at hand was whether amounts charged to those using credit or debit cards to book admissions to events and cinema screenings etc. could be treated as a separate supply exempt from VAT, or whether the liability should follow that of the underlying transaction.Read More
You may or may not have heard about HM Revenue & Customs’ (HMRC) plans to digitise the tax system. Known as ‘Making Tax Digital’, this is set to be one of the biggest transformations of UK tax in a very long time, changing the way all of us interact with HMRC.
To help our clients we have produced a guidance note along with some frequently asked questions FAQs setting out all of the key things we know about this initiative.Read More
Is this good news for all of our company clients?
From 30 June 2016, Companies House will be phasing out the annual return. One less form to fill in, we hear you cry! But wait – there had to be a catch.
The annual return is being replaced by a Confirmation Statement. This new statement will have the catchy title of CS01.Read More
While health and welfare services are generally exempt from VAT there are some exceptions and although many qualifying institutions providing care or treatment will not be required to be VAT registered, there is a risk that standard rated incomes could be overlooked and a liability to register missed.Read More
The 2016 Larking Gowen Annual Tourism Business Survey has recently been launched and reports sustained growth in the region’s Tourism and Leisure sector – with businesses across Norfolk, Suffolk and Essex continuing to see an upward trend of customer spending. However, whilst the survey findings remain positive, the results also show a clear request for more governmental funding to be directed to these counties and more local authority support.Read More