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.
VAT developments on travel booking platforms, German VAT and serviced apartment operators to welcome the start of 2023! :-)
TOMS may be a preferred method of accounting for VAT for many serviced apartment operators. However, there are limitations on the use of this scheme, and we set out our comments on this here.
The Autumn Budget was released today and we look at what (if any!) impact this has had on VAT
Now that we have "Brexitted", the TOMS transport company may for some businesses have limited use. Read on to find out whether you should keep yours in operation.
Here we analyse the announcements on VAT released in the March 2021 Budget
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.
