Articles

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Discover the Benefits of R&D Tax Reliefs: A Business Owner’s Guide 

Unlock the potential of R&D tax reliefs and drive your business innovation forward. Explore our simple guide to understand how you can benefit from tax incentives designed to support your company’s growth through research and development. Learn about the claim process and how our expert advice can make it seamless for you
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The Tour Operators Margin Scheme is in the courts again with the Golf Holidays Worldwide Limited [2023] UKFTT 00701 (TC) case

Another interesting Tour Operators Margin Scheme (TOMS) case, relating to the fact that taxpayers can choose to keep wholesale supplies outside or within TOMS. The appellant accounted for its supplies within TOMS, but later filed an error correction notice (ECN) to reverse that position when it realised it would be better off accounting for the […]
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Option to Tax Notification

Option to Tax Notification Where a seller is VAT registered and has opted to tax a building, the purchaser’s solicitor will usually request proof that the seller has opted to tax. The reason for this is that incorrectly charged VAT is not recoverable as input tax. What proof can the seller provide? The document usually […]
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What To Do While You Wait For A VAT Registration Number

Given the length of time it is taking to get VAT registrations in place it is important to advise clients what they should be doing while waiting for their VAT number. When applying to VAT register clients, please make it clear to them that they should assume that they are VAT registered from the date […]
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History of VAT in the UK 

History of VAT in the UK  Our beloved to some and devil to others VAT has a long 50 years to celebrate!! Also born 50 years ago I’m celebrating too.   The government still managed to charge everyone for trade before VAT ever existed.  Previous to VAT, the UK used to levy a Purchase Tax, charged […]
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The New Penalty Regime 1st January 2023 

Deeks VAT Article December 2022 HMRC will introduce a new penalty regime on the 1st January 2023, which will be much fairer than the current draconian default surcharge system. HMRC’s aim of the new system is to penalise those that are persistently late filing and paying, rather than those that make the occasional mistake due […]
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Deeks Vat News Update: Option to Tax

 Summary:  Following the trial effective from 30/05/2022 which lasted for 6 weeks, HMRC will no longer carry out multiple checks and acknowledged the Option to Tax, but will provide a receipt only in order to speed things up.   The previous procedure was time consuming and unstainable, and the change has been carried out to seek […]
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HMRC v Netbusters (UK) Limited (NUL)

The organisation of football and netball leagues and pitch hire have been held to amount to the exempt grant of an interest in land, by the Upper Tribunal (UT) in the Netbusters (UK) Ltd v HMRC [2020] UKFTT 0438 (TC) (2 November 2020) The question was is this a supply of an interest in land […]
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Entitlement to recover Import VAT has changed from 15 July 2019

Keeping your VAT Knowledge up to date