In the latest VAT Update from Tax Essentials for Advisors, Edd Thompson covers key VAT developments, Budget announcements and practical considerations for tax professionals.
This edition looks at HMRC’s new guidance on the VAT treatment of cryptoassets and NFTs, including the rules around digital services, place of supply and supplies made through online platforms.
Edd also examines the key VAT measures announced in the Budget, including changes affecting energy-saving materials, public EV charging, overseas services and online marketplaces.
Plus, this edition’s VAT tip explores the DIY housebuilder scheme, including when VAT can be reclaimed on qualifying costs and the important time limits advisers and their clients need to be aware of.
Watch the full update for the latest VAT developments and practical guidance for advisers.
