In this latest VAT Update from Tax Essentials for Advisors, Edd Thompson looks at key VAT developments, recent tribunal cases and practical points for tax professionals.
This edition covers HMRC VAT Assist, a new service planned from April 2027 that will introduce automated data checks into the VAT return process. Edd also examines a tribunal case on whether collagen drinks qualify as zero-rated food, and a cautionary Transfer of a Going Concern (TOGC) case highlighting the risk of inheriting a seller’s VAT turnover.
Finally, this edition’s VAT tip looks at VAT return data analysis and why scrutinising figures and trends before submission can help identify potential errors.
Watch the full VAT update for the latest developments and practical points to consider.
