VAT recovery boost for UK financial services industry

One benefit of Brexit for the UK financial services industry was announced today: VAT recovery will be allowed on the VAT costs of exempt supplies to EU customers of most financial services by UK-based businesses, from 1 January 2021.

VATLinda AdelsonNovember 9, 2020Brexit, VAT Specified Supplies, Financial services VAT

Linda Adelson writes for Tax Journal

An Upper Tribunal appeal due to be heard in January 2021 could affect the received wisdom on how the VAT exemption applies to insurance transactions and their intermediaries, Linda Adelson, Rosetta Tax’s indirect tax partner, writes in her article for Tax Journal.

Our team, VATLinda AdelsonNovember 3, 2020VAT

Coronavirus - tax related help to business

The government has announced a huge raft of measures in an unprecedented attempt to support the economy in the face of the devastation caused by Covid-19. A full list of all government measures to support business are detailed in this article.

VAT, Corporate TaxLinda AdelsonMarch 24, 2020

Coronavirus - we are open for business

In these difficult times we wanted to assure all our clients that Rosetta Tax is open for business as usual. Our business continuity plan allows our team of tax lawyers to be able to provide our business tax, VAT and SDLT advice without interruption.

Corporate Tax, SDLT, VATLinda AdelsonMarch 23, 2020coronavirus

Spring Budget 2020 - VAT changes

There was a lot more than usual on VAT in this Budget. Partly this reflects our recent departure from the EU. Whatever one’s views on the wisdom of this, there is no doubting the resulting freedom (post 1 January 2021) to introduce our own rules without the constraints of needing to comply with EU law. Mostly the government plans to continue with the current regime, but over time the rules will start to diverge and the first signs of this are already apparent.