Please see below for our articles, which we hope you find useful in helping you to decipher VAT and TOMS. These articles, written by Laura Chipp, started out a while back on LinkedIn and the comments received made it clear that VAT and TOMS advice written in "plain English" was both rare and really useful! Please contact us if you'd like to discuss any of our article content.
On 1 January this year, the UK left the EU. This brings some changes to the VAT treatment of cross border goods transactions. Read on to see how these changes may affect your business.
Here, we set out our comments on how the Brexit changes affect sales and purchases of services. For some, this will bring good news, but for others a little more paperwork and changes to time limits.
We finally have confirmation on how TOMS will change post-Brexit. Read on to see how this will affect you...
We set out our comments on what the VAT rate reduction means for the hotel and serviced apartment sectors
On 8 July, a temporary reduced rate of VAT was announced for tourist accommodation, catering and admission to attractions. Here, we provide some commentary on what this may mean for the tourism sector
Here we explain the VAT treatment of cancellations, refunds and other adjustments which unfortunately have become common for travel companies and many others over the Covid period
On 20 March, the Chancellor announcements that VAT payments due up to 30 June would be deferred. Here, we set out the details on this and our advice to businesses in light of this.
Here, we analyse the announcements from the 2020 Budget as to how they may affect our VAT system going forward,
Whether you celebrated or commiserated Thursday’s election result, we now have a slightly clearer picture of what VAT may look like over the next few years. Read on for more details!
The VAT billback rules can be important for disclosed agents, especially those with corporate clients. These are not always applied correctly, so here we explain the rules in full.
In our first week of business as a new company we had our first taste of the new MTD rules, both for ourselves and for clients. Here, we share our experience (spoiler: it was all okay in the end!)
As serviced apartments become more popular, we get asked about the VAT treatment regularly and whether TOMS (which is beneficial here!) may apply. Here we explain if and how TOMS applies.
