VAT and a reverse charge on construction services

As announced in the Autumn Budget of 2017, following consultation earlier in 2017, a domestic ‘reverse charge’ in respect of VAT on certain supplies will be introduced to tackle fraud in construction labour supply chains. This will be subject to a further round of...

VAT and customs duty developments

Trade and Customs white papers published The Government released white papers on its Trade and Customs policies last week. The main points are as follows: Whatever the future arrangements, the UK will leave the current EU Customs Union and there will be some form of...

HMRC forced to U turn

HMRC have announced the publication of a Revenue and Customs Brief 16 (2016): treatment of VAT incurred on assets that are used by the business prior to VAT registration. This signals the end of a long running dispute where HMRC had decided that only a proportion of...