VAT

VAT guidance:

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Under the UK's VAT rules, taxable supplies may be charged at the standard rate, or a reduced rate, or may be zero-rated. This Practice Note describes the main categories...

Practice Note

It is common knowledge that value added tax (VAT) is a tax which increases the price of goods and services that consumers in the UK buy. For a tax lawyer, before going...

Practice Note

Why can VAT be recovered? To understand when a person can recover VAT it is important first to appreciate why they are able to. The Council Directive 2006/112/EC (the VAT...

Practice Note

A transaction must have five elements for UK VAT to be chargeable. It must: • be a supply of goods or a supply of services • be a taxable supply • take place in the UK •...

Practice Note

FORTHCOMING CHANGE relating to VAT registration threshold: In response to the OTS’ recommendation that the VAT registration threshold be examined, the government issued a...

Practice Note