News & Blog

The latest press releases and opinion from Bishop Fleming

Hotel Wedding Packages – key VAT development

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In an important case for hotels that offer a licenced venue for weddings and civil partnerships, a tax tribunal has held that the hire of the room is not exempt from VAT. The Upper Tribunal…

New relaxed Stamp Duty rules for Wales?

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Land transactions in the UK have been subject to Stamp Duty Land Tax (SDLT) since 2003, but we now have different regimes for Scotland and Wales. Devolution has seen a separate tax charged (Land &…

Academies and VAT groups

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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

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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

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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

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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

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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

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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

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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

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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…