Charities and other VAT-averse organisations should note the decision of the Upper Tribunal in the case of Cambridge University Endowment Fund which was released this summer.
The case concerned recovery of VAT incurred on investment management fees. more »
Most readers will know that, in certain circumstances, charities may obtain zero-rating relief for the construction of new buildings.
The perennial problem with this relief is defining what is meant by the term ‘relevant charitable purpose’ (RCP). more »
We regularly deal with issues concerning VAT and property and often advise on problem areas which arise in connection with the option to tax over commercial property.
There are many common misconceptions around what the option to tax is and how it operates.
In recent weeks, we have dealt with a number of cases where the option to tax has been “disapplied”. Unless you are a tax specialist, this is likely to seem like a very peculiar concept. more »
VAT advisors are often teased with comments along the lines of: “Your job must be easy – VAT’s just 20% on everything isn’t it?”
In fact, dealing with complex liability issues and working with HMRC to resolve disputes in this area is a key part of the services RW VAT offers to clients.
We recently settled a dispute case with HMRC where more »
The first half of 2015 has been a very exciting time at RW VAT Services Ltd. We’ve had some excellent results already this year which have saved clients time, hassle – and most importantly money! At a conservative estimate, we have saved our clients in excess of £750,000 over this period.
You might not be aware of the range of things we can help with – so here are a few of the highlights.
We regularly help clients with the formation of VAT groups and thought it would be helpful to summarise some of the key issues to consider when thinking about this useful piece of VAT planning. more »
We are regularly asked to advise on the VAT issues arising in connection with mergers, acquisitions and other corporate finance transactions. Often, the request for advice happens very late in the day – by which time it may be very difficult to resolve any adverse VAT consequences. more »
“Brexit” is, of course, the new shorthand term for a possible British exit from the European Union. Obviously, this newsletter is not the place for political commentary. However, there is no doubt that such an exit would have a significant impact on the current UK VAT system. Now that an ‘in/out’ referendum is on the horizon, it is worth taking a moment just to reflect on some of the possible consequences if the UK did choose to leave the EU. more »
Revell Ward App Key features of the Revell Ward App: more »
…but none pulled out of HMRC’s hat ! In short this was a budget of few surprises. more »