The sale of shares is an exempt supply, but a recent tax tribunal decision has determined that, under certain circumstances, the input VAT may be claimed.
Posts by Rob Case
Will I get taxed when being reimbursed for charging my company car at home?
HMRC has published amended guidance regarding home charging of electric company cars which means that there will not be a separate charge to tax as a result.
HMRC have raised interest rates again as the base rate has increased
Rob gives a reminder of the changes which came into effect on 11 July 2023.
Summary of the ‘4E’ 2023 Spring Budget
Rob’s summary of the 4E (Everywhere, Employment, Enterprise & Education) 2023 Spring Budget which set forth the Government plans to tackle inflation, improve growth and as a consequence reduce borrowing.
Spring Budget 2023 Summary: VAT & Customs
Rob Case provides a summary of the Budget announcements for VAT, specifically for pharmacists, as well as a VAT consultation on energy savings relief, and simplifying customs procedures.
What happens if you don’t pay VAT on time?
Commencing with periods beginning with 1 January 2023, HMRC have introduced a new penalty and interest regime for VAT returns and payments.
Introduction of VAT late payment interest
Rob explains about a new penalty and interest regime for VAT returns and payments which has been recently introduced by HMRC.
Delayed Making Tax Digital for Income Tax and Self Assessment – who will it impact?
Rob explains the reason behind the delay along with some specifics about who and how individuals would be impacted.
Autumn Statement 2022 in summary
Following the new Chancellor’s first Autumn Statement, Rob provides a summary of the announcements made before we delve into the detail.
New Chancellor reverses almost all announced tax cuts
Rob summarises what some are saying is the biggest U turn in British History, following some significant announcements of U turns in policy last week.
Mini-Budget round-up: introducing the Growth Budget
Today we have had the both the expected tax news from the new Government, and also some more unexpected announcements. Rob gives details about plains for Tax Simplification and VAT among other things.
Support for Non-Domestic Energy Costs
Rob provides a summary about today’s announcement concerning support for businesses with rising energy costs and the further forecasted increases.
Back to school – childcare vouchers versus tax-free childcare account
Rob explains more about the Government’s Tax-Free Childcare Accounts which provide a 25% subsidy towards the cost of childcare for which there continues to be a poor take up.
Report Employee Benefits on P11D by 6 July
P11D forms for reporting expenses and benefits in kind provided to employees and directors in 2021/22 need to be submitted by 6 July 2022.
Property specialists consider the lifecycle of a landlord
Rob spoke with George Tatham-Losh, Managing Director of Move Estate Agents about what landlords need to know.
Taking time to recognise the achievements of young entrepreneurs who rarely stop to do so themselves
Rob chatted to George about winning Young Business Person of the Year award and why he entered in the first place.
The cost of living crisis: do the Chancellor’s support measures add up?
Rob gives details about the increased level of support to help people cope with the rising cost of living which has been announced by the Chancellor.
Spring Statement 2022: three-step ‘Tax Plan’ Step 3
Rob outlines the Chancellor’s pledge to cut income tax which was the final part of his three-part tax plan announced today.
Spring Statement 2022: three-step ‘Tax Plan’ Step 1
Rob provides a summary of the Chancellor’s Spring Statement today, with more detail about Step 1 of the three-step Tax Plan which was announced.
VAT rates for hospitality sector due to increase from 1 April
Rob reminds businesses in the hospitality sector that the reduced VAT rate is scheduled to revert to the normal 20% rate.