Sep 172014

From 1 January 2015, the VAT place of supply rules will be amended. HMRC has published new guidance on how these rules will operate (source HMRC twitter feed 16 September 2014).

These new rules concern business to consumer (“B2C”) transactions only. Business to business (“B2B”) services are not affected. Continue reading »

VAT – the bit that’s added on

 VAT  Comments Off on VAT – the bit that’s added on
Sep 062013

Let us say you go into your local shop to buy a CD or a packet of cigarettes. You see that the item is labelled £10 plus VAT (yes, I know, it’s more likely to be something like £9.99, but I’m making the price £10 so that the sums are easier). What does this actually mean in tax terms, and why is it so important? Continue reading »