This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

VAT exemption

How to stop the Taxman from attending your Virtual Christmas Party

This tax exemption is going to be applied in the same way that it would normally apply for traditionally held parties, thus meaning that food, entertainment, equipment and any other expenses that may come with holding a virtual Christmas Party will be exempt from being taxed. This is subject to the normal conditions that would normally apply being met. 

HMRC: Charities can no longer claim VAT relief on social media advertising

HMRC is writing to charities to inform them of the latest changes to VAT relief on social media advertising. 

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

EU council gives e-books VAT-free status

In early October, the EU’s Economic and Financial Affairs Council (Ecofin) decided to green-light a proposal for e-books to have the same VAT-free status as their printed counterparts. 

EU council gives e-books VAT-free status

In early October, the EU’s Economic and Financial Affairs Council (Ecofin) decided to green-light a proposal for e-books to have the same VAT-free status as their printed counterparts. 

MiFID II: Loss of VAT exemption for research?

MiFID II went live on 3 January 2018. In scope, firms will have considered the impact of the regulatory changes being introduced, but may not be aware of the VAT implications of MiFID II in respect of the provision of research.