Reduced VAT rate for hospitality sector raises questions

Reduced VAT rate for hospitality sector raises questions

In his Summer Economic Update, the Chancellor announced a temporary 5% rate of VAT for certain hospitality and tourism supplies. Following questions put to them by the Association of Taxation Technicians (ATT) about the measure, which applies between 15 July

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Beware undisclosed property income!

Beware undisclosed property income!

Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC,

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Van vs. car: what are the tax implications?

Van vs. car: what are the tax implications?

Back in August 2019, we commented on a tax case where a van provided to employees was reclassified as a car. The case, involving Coca-Cola, shines a light on the issues associated with the provision of vehicles to employees and,

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‘Project Speed’ to accelerate economic recovery

‘Project Speed’ to accelerate economic recovery

As we now look toward the second half of a year unlike any we have known before, the Government has published details of ‘Project Speed’. The programme is part of its commitment to rebuild the economy after the Coronavirus crisis.

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CJRS extended as Government detail recovery roadmap

CJRS extended as Government detail recovery roadmap

On 12 May, the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will remain open until the end of October. The announcement follows Boris Johnson’s speech outlining the Government’s response to the next phase of the pandemic. In essence,

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COVID-19; Latest guidance for businesses – 25 March

COVID-19; Latest guidance for businesses – 25 March

In the last couple of days, the Government have issued a few key updates in relation to the support that is available for businesses during the COVID-19 outbreak. VAT & Income Tax payment deferrals The Government have published additional guidance

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