HMRC Updates It’s Response Time For Some VAT Applications HMRC has extended it’s turnaround time for replies to certain VAT applications.VAT Notices 700/2 and 700/11 have been released to advise that the extended time limit to 40 working days in...

  VAT Treatment on Voluntary Carbon Credits   Effective from the 1st September 2024 the sale of voluntary carbon credits will be treated as taxable for VAT where the place of supply is the UK. Voluntary carbon credits were previously...

No Room For Debate in Apartment Rental VAT CaseChelsea Cloisters, a property owned by Realreed, contains studio, one-bedroom, and two-bedroom apartments. This first tier tribunal (FTT) case concerns the letting of 235 of them; Realreed had treated rental income in...