LAVAT Latest News

New Residential Course Dates Announced

Thu, 25 Feb 2010 18:55:14 +0000

New residential course dates announced - please see our TRAINING page for further details.

CHANGE OF VAT RATE FROM 1st JANUARY 2010

chriswood@totalise.co.uk — Wed, 09 Dec 2009 21:38:00 +0000

In his Pre-Budget Report to the House on 9^th December 2009 the Chancellor of the Exchequer, Alistair Darling, confirmed that the standard VAT rate would revert to 17.5% on 1^st January 2010 “as planned”. The Chancellor also confirmed that “no other VAT changes are planned”.

Changes to zero rating for buildings used for a relevant charitable purpose

chriswood@totalise.co.uk — Tue, 03 Nov 2009 00:42:24 +0000

HMRC are withdrawing their concession which allows a charitable body to use a building for business purposes as long as that business use does not exceed 10% and will, in future, require any business use not to exceed 5%. From 1 July 2010 a charity will need to show that it will use a building for at least 95% non-business use.

Restitution/Compound Interest

lavat — Mon, 30 Jun 2008 17:58:54 +0100

There have been a number of recent developments in respect of the ability of businesses to claim interest on a compounded basis on monies repaid (or to be repaid) to them by HM Revenue & Customs ("HMRC").