News & Blog

The latest press releases and opinion from Bishop Fleming

Academies and VAT groups

Posted by

Many academies have a choice to make about whether to register for VAT or to claim their VAT refunds from HMRC through the VAT 126 process, although any academies which make taxable supplies over the…

Spring Budget funds Brexit war chest

Posted by on

Philip Hammond's first (and last) Spring Budget was overshadowed by the imminent triggering of Article 50 and big questions over the UK's global economic future outside the EU. “The Chancellor likes detail, and that’s where the devil…

Brexit – life begins at 50

Posted by

Bishop Fleming's VAT Director, Wendy Andrews, highlights the potential issues for businesses and consumers of Brexit following the government’s triggering of Article 50 to leave the EU. The phoney war has ended and the UK begins the process…

HMRC joins the dots on colouring books

Posted by

From 1 April 2017, the VAT treatment of colouring and dot-to-dot books will change. Although they will broadly remain zero-rated where suitable for children under 18, standard rating may apply where they are for adults.…

Autumn Statement: VAT Flat Rate changes

Posted by

A change which was briefly mentioned by the Chancellor in the Autumn Statement could have important implications for businesses using the VAT flat rate scheme. It applies to businesses identified by HMRC as having “limited…

Brexit and VAT

Posted by

Bishop Fleming's VAT Director provides some initial guidance on VAT and Brexit. VAT is a “European tax” and was introduced in the UK as part of our original accession to the Common Market in 1973,…

VAT on Property Conversions without planning consent

Posted by

Recent government changes allow certain property conversions from business to residential use without formal planning consent, instead relying on “permitted development rights” or PDR. This can cause VAT problems, as certain provisions allowing a contractor…

EU VAT Action Plan

Posted by

The VAT action plan published by the European Commission may make it easier for EU member states to decide the rates of VAT they charge and the rates applicable to various goods and services. Previously…

People with Significant Control Register (PSC Register) – Q&A’s

Posted by

What is the People with Significant Control Register (PSC Register)? From 6 April 2016, UK Companies and Limited Liability Partnerships are required to maintain a PSC register and investigate any potential PSC’s who may require…

Property VAT pitfalls – 5

Posted by

Five ways to lose a fortune in VAT This is the last in our series of five blogs warning of common pitfalls in property VAT transactions. I have covered: the capital goods scheme and unexpected…