VAT changes linked to Covid-19

It is fair to say that VAT has not been running marathons since the Covid-19 crisis hit our shores. This is different from other taxes that have seen an endless array of government announcements and legislative changes. But VAT has not been sitting idly in front of the TV either – let’s say it has run a 10k race in a reasonable time. There have been some important measures that affect many businesses.

As is always the case with new legislation there are inevitably some uncertainties that need clearing up. As the famous rain-coated American detective Columbo might say: ‘I’m just tying up a few loose ends sir.’

E-publications

The March budget announced that e-publications would be zero rated from 1 December 2020 deliberately timed to coincide with Christmas. The change means they will be taxed at the same rate as...