VAT

The Government’s latest tax simplification proposals could bring changes to VAT, e-invoicing and the tax treatment of company transactions. Tax Director, Gillian McGill,  explains what businesses, shareholders and trustees may need to consider.

The Government has announced that qualifying electricity supplies will be zero-rated for VAT from 1 October until the end of the financial year. Alyssa Fitchett explain how the change could affect households, charities and residential landlords.

A temporary VAT reduction has been announced as part of the government's "Great British Summer Savings" initiative. While many businesses in the tourism, leisure and hospitality sectors have welcomed the move, it also introduces additional complexity that businesses need to prepare for quickly.

The UK Government has announced a temporary reduction in VAT aimed at lowering the cost of family leisure activities during the summer holidays, in response to lobbying from the tourism sector. Our tourism and VAT specialists summarise what you need to know.

VAT Director, Gillian McGill, explains what adjustments you may need to make, this impacts VAT registrations that generate exempt income and that undertake non-business activities.

Grant funding may no longer be treated as outside the scope of VAT following the Colchester Institute ruling. Instead, it could be seen as payment for services, which may affect VAT reliefs and recovery for colleges and other organisations.