01983 614108

Transfer of a going concern – HMRC policy change

by | Oct 10, 2014 | ACCA, VAT

HMRC has had a change of policy following the First Tier Tribunal (FTT) decision in Robinson Family Ltd [2012] UKFTT 360 (TC). The changes are three-fold and are discussed here policy change by policy change.  Surrender of a property lease HMRC has changed its policy...

A challenge to filing VAT online

by | Aug 30, 2014 | ACCA, business issues, VAT

It has been mandatory for businesses to file online VAT returns from 1 April 2012 – but not every business agreed. L.H. Bishop Electrical Co. Ltd was the business that first had an issue with online filing and contacted HMRC, which lead to a first-tier tribunal,...

Two EU countries announce rises in VAT rates

by | Aug 23, 2014 | ACCA, VAT

Both Luxembourg and Portugal have announced that they will be raising their respective standard rates of VAT from the beginning of 2015. Portugal will be raising it by 0.25% to 23.25% and Luxembourg by 2% to 17%. Even after the proposed increase Luxembourg will...

VAT notices updated

by | Jul 23, 2014 | ACCA, VAT

For the most up-to-date information on VAT notices ACCA has produced a summary of VAT Notices, categorised into groups to demonstrate the additional notices available that you may not be aware of. The summary has just been updated; view the latest changes and current...