Mini cab VAT successes
We have recently secured a significant refund of VAT for a London mini cab operator. This follows hot on the heels of a 11th hour climbdown by HMRC in respect of another taxi client and an 'out of court' settlement.
HMRC's position on VAT accounting for taxi and mini cab operators is out of date. If you have clients operating in this sector why not give us a call to see if we can assist with reducing VAT liabilities.
HMRC's Green Energy Incentive Scheme clampdown
Landowners are able to secure Renewable Heat Incentive funding for green energy initiatives. Typically, landowners install biomass boilers, geothermal heat source pumps etc and receive subsidies based on metered supplies of energy to their tenants from utilities companies.
In certain circumstances HMRC determine that the subsidy is in fact additional consideration for the supply of energy to tenants. Additional consideration which contains VAT.
This is becoming increasingly common following the incentivised take-up of green energy . If HMRC have assessed one of your clients or you need to check whether your clients are affected please contact us.
Assessments, Penalties & Surcharges
A simple plea. Let us check them for you. The law is the law and if HMRC make mistakes in issuing such notices they can be removed or reduced.
If we cannot assist in mitigating or removing a charge we won't charge!
If you need to discuss any of the above items please contact Nick or Alan.