Tag Archives: zero

New VAT Notice 708 on Buildings and Construction

HMRC have issued a new edition of their VAT Notice 708 about buildings and construction. Among the changes are HMRC accepting that central controls for lights, heating etc are now “ordinarily” incorporated in a dwelling and more on the definition … Continue reading

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New Scotland, New EU VAT Rules

A new Scotland, outside the UK, would have to use current much tougher EU rules on VAT, warns the EU’s VAT unit. The UK having joined Europe back in 1972 got very to favourable VAT joining rules. These include zero-rating … Continue reading

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VAT on Sun Cream

A high street retailer has called for a cut in the 20% VAT on its child sun cream. What struck me as a tax barrister was that the government is not totally able to move a particular product around between … Continue reading

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Zero Rating VAT for Boats Supplied to Disabled Person

In my experience of tax / VAT and boat issue, I have found that it is not always understood that when you supply a boat to a disabled person you can zero rate the sale. HMRC explain that zero rating … Continue reading

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Cut VAT to boost plastics recycling, says MBA

“MBA Polymers has called on the UK government to reduce VAT on recycled plastics to help stimulate consumer demand and encourage investment in the plastics recycling industry.” Similar arguements apply to many industries. Interested to read the government’s response. http://www.prw.com/subscriber/headlines2.html?cat=1&id=2322Continue reading

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PFS revises VAT guidance on rejected recommendations

“The Personal Finance Society has clarified with HM Revenue & Customs that advice will be VAT-exempt where product recommendations are rejected or no action is needed following a review.” Interested to see the fine details of this! http://www.moneymarketing.co.uk/regulation/pfs-revises-vat-guidance-on-rejected-recommendations/1065846.article Eamon McNicholas … Continue reading

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Werrington electrician jailed over £372k VAT fraud

This scam was based on the “HM Revenue and Customs’ (HRMC) policy that new build developments are exempt from VAT meaning contractors do not pass on the charge”. http://www.thisisstaffordshire.co.uk/Werrington-electrician-jailed-pound-372k-VAT/story-18089104-detail/story.html#axzz2KK5StDv8 Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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