New guidance has been issued by HMRC setting out their new policy on the VAT treatment of early termination fees and compensation payments, supplanting heavily criticised guidance issued in 2020.
Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...
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VAT on private school fees: Parents paid millions in advance 'to dodge fee hikes' - HMRC to scrutinise schemes
Families who might have been trying to avoid VAT-linked fee increases may not be in the clear 💸 Recent Government changes mean that, as of this year, private schools must pay VAT on the fees they ...
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