VAT basic principles

VAT basic principles guidance:

Coronavirus (COVID-19)—PPE: A temporary zero rate of VAT applies to supplies of personal protective equipment (PPE) between 1 May 2020 and 31 October 2020. Coronavirus...

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