ICAEW urges HMRC to scrap exemptions to simplify VAT rules
In response to HMRC's consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.
HMRC updates salary sacrifice guidance
HMRC has updated the guidance on salary sacrifice.
Consultation launched on self-employed basis period reform
HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed.
Royal Opera House VAT alert
A recent Court of Appeal case concerning the Royal Opera House Foundation has decided that that there was no direct and immediate link between the costs of staging productions and their taxable supplies of catering etc. The production costs were found to be ‘directly and immediately linked’ to ticket sales which are exempt from VAT due to the cultural exemption rules and the VAT costs incurred on them as a consequence was irrecoverable.
COVID-19 – Fifth SEISS grant service now open
HM Revenue & Customs (HMRC) have opened their online service, allowing eligible self-employed traders to apply for the fifth and final grant under the Self-Employment Income Support Scheme (SEISS).
Young Norfolk cricketers gain local support with renewed sponsorship deal
Norfolk’s Under 13s boys county cricket team are enjoying a busy season of matches – after a local firm of accountants renewed their sponsorship of the team for the third year running.
Success in sight for Great Yarmouth cricket team after local firm of accountants steps in to offer support
Batters at a Norfolk cricket club are not being distracted by movement behind the bowler’s arm this season, after a local firm of chartered accountants stepped in to fund the purchase of a pair of sight screens.
Academies Accounts Direction - supplementary bulletin
Read our latest update for academies.