May 2022 VATwatch

Tolley’s Finalist

For those who haven’t already seen the news, I am over the moon to share that Bevan VAT Consultancy Limited is a finalist in the Tolley’s Taxations Awards in the Best New Tax Practice Category.

Courses and Holidays

Please note that the office will be closed on the following dates:

11^th – 13^th May

Week commencing 4^th July

Week commencing 5^th September

Import of Dental Prostheses

The import of dental prostheses is now exempt from VAT in certain circumstances. The changes have been backdated so that those impacted can claim back VAT paid since 1 January 2022.

HMRC has released a brief explaining the position and how to adjust for overpaid VAT.

Zero rating of Energy Saving Materials

HMRC has updated the VAT Notice to show details of the zero rating announced in the budget.

Updated Fuel Scale Charge Rates

Updated FSC rates have been released which will apply for periods beginning on or after 1 May 2022.

Thank you for taking the time to read this VATwatch round-up.