This month we highlight and comment on: The JP Morgan case relating to intra-VAT group services, HMRC change of view on VAT recovery with respect to employer pension schemes, A case regarding financial intermediary VAT exemption, A case concerning evidence required for zero-rating export sales, and An update from HMRC on import VAT accounting.
Following the recent Upper Tribunal (UT) decision in Yorkshire Agricultural Society [2025], HMRC has published Revenue and Customs Brief 3 (2025) regarding the VAT treatment of supplies made by charities and other qualifying bodies in connection with fundraising events. Background Under Group 12, Schedule 9 of the Value Added Tax Act 1994, charities and other […]
In this month’s VAT Update, we consider: A recent update to HMRC guidance on VAT recovery for private schools, The Upper Tribunal decision on the VAT liability of Walkers’ Sensations Poppadoms, The complexities of import VAT following a case on import valuation, A case relating to postponed import VAT accounting, and New draft legislation for […]
This month, we comment on: Proposed changes to the Capital Goods Scheme, HMRC’s crack down on VAT groups in the care sector, Government considering how to increase VAT collection in the e-commerce sector and whether to abolish the low value import threshold, and Proposed changes to Temporary Admission relief.
While many legal firms may already be familiar with the VAT issues associated with client account funds, a refresher can be invaluable. This article delves into the key points regarding the VAT implications of receiving interest on such accounts. Many legal firms will be in the process of preparing their quarterly VAT returns, and as […]
This month, we spotlight: The increase in US import tariffs, A court decision concerning the Tour Operator’s Margin Scheme for ride hailing services, A case concerning the VAT exemption for the provision of education services, and HMRC appealing the VAT rate of ‘Mega Marshmallows’ in court.
This month, we highlight and comment on: EORI numbers – what they are needed for and who needs them, The VAT implications of Amazon’s Pan-EU fulfilment model for e-commerce merchants, and Spotlight on HMRC’s Help with VAT Compliance Controls guidelines with respect to purchases and VAT recovery.
This month, we comment on: HMRC guidelines for compliance on remedial works including the replacement of defective cladding, An important Upper Tax Tribunal decision in a case regarding leased accommodation used to provide short stays, An update on HMRC guidance on pre-VAT registration VAT recovery, The new EU place of supply rules regarding certain services […]
In her statement on 29 July 2024, the Chancellor announced an end to the VAT exemption for education provided by private schools to take effect from 1 January 2025. The Labour Party had included this commitment in their manifesto with the aim of raising tax revenue to improve standards in state schools by recruiting more […]
The Labour Party has been elected with a promise not to raise taxes on ‘working people’. With a fiscal plan based on increasing tax revenue by over £8.5 billion a year by the end of the parliament (shown below), this leads to questions about where the extra tax will come from, and who is likely […]
