News & Insights
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HMRC Targets Small VAT-Registered Charities with Educational Campaign on Input Tax Apportionment
HMRC’s One-To-Many team is conducting an educational outreach aimed at small VAT-registered charities with turnovers of up to £2 million. This initiative seeks to raise awareness of the obligation to carry out business and non-business apportionment calculations for input tax. The campaign comes in response to a growing number of smaller charities failing to account […]
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Deeks VAT News issue 52
Discover Deeks VAT Consultancy’s latest insights: on private school fees-new webinar, explore new support for small businesses, and learn about VIDA’s impact. Gain insights from the 2025 VAT statistics and understand the new levy on gambling operators. Stay ahead with expert guidance from Deeks.
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Deeks VAT Monthly Success Review 1
Client Background We recently assisted an elderly client who had been managing a property rental business with her late husband. Following his unfortunate passing in 2022, she found herself navigating the complexities of running the business alone. As the sole owner, she continued operating under the partnership’s VAT registration while in the process of selling […]
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Deeks VAT News issue 51
In this month’s newsletter, we dive into key VAT updates, including Zero-Rated Exports and the Procurement International case, along with new guidance on the Annual Accounting Scheme. Stay informed with these essential updates!
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THE CASH ACCOUNTING SCHEME
VAT Weekly Top Tips with Louis Good – Week 2 The Cash Accounting Scheme allows you to account for VAT based on when you receive payment from your client, rather than when you issue a sales invoice. Similarly, you can reclaim VAT on your purchases when you make the payment, rather than on the invoice […]
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New Guidance on VAT for Private School Fees: What You Need to Know
HMRC has released updated guidance on VAT for private schools, addressing critical aspects of the new VAT regime set to apply from 1 January 2025. This shift will end the VAT exemption currently enjoyed by private educational institutions, impacting how they account for VAT on various services. Key Areas of the New Guidance 1. Who […]
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WEEKLEY TOP TIPS – DEEKS VAT
Partial Exemption De Minimis Limits One of my favourite stories about the partial exemption de minimis limits involves a hairdresser I advised several years ago. She owned the freehold of her property, which consisted of a ground-floor shop where she ran her business and a first-floor flat that she rented out on a buy-to-let basis. […]
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VAT ALERT – VAT Implications in Holiday Accommodation: Abbeyford Caravan Company (Scotland) Limited v. HMRC
This case delves into VAT treatment within the UK holiday accommodation sector, focusing on the complex issues of VAT apportionment between standard-rated goods and zero-rated accommodation services for holiday chalets and caravans. Case Background Abbeyford Caravan Company operates holiday parks in Scotland, offering fully furnished chalets, caravans, and associated facilities to holidaymakers, which collectively create […]
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Deeks VAT News issue 50
Welcome to this month’s Newsletter November 2024 issue 50 Keeping you up to date on VAT changes In this month’s newsletter we cover the following: Second-hand goods scheme and best judgement – The Ancient & Modern Jewellers Limited case Visual Investments International Ltd (Visual) v HMRC UK e-invoicing initiative and consultation Change of bank details […]
