News & Blog

The latest press releases and opinion from Bishop Fleming

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…

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

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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

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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…

Property VAT pitfalls – 4

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Five ways to lose a fortune in VAT This is the fourth in a series of five blogs describing some of the VAT problems that can arise in property transactions, this blog describes another simple and…

Property VAT pitfalls – 2

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Five ways to lose a fortune in VAT This is the second of a series of blogs describing some of the riskier aspects of VAT – simple, common errors which can really bite. The series…

Alcohol sellers – have you registered? A gentle reminder.

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Back in September 2015 I wrote a blog regarding HM Revenue and Customs (HMRC) introducing The Alcohol Wholesaler Registration Scheme (AWRS). Part of that blog highlighted the fact that all alcohol wholesalers, including those who…