News

EU Commission ready to overhaul cross border VAT system November 2017

In a concerted effort to combat carousel type fraud the EU Commission has announced some far reaching changes to the way intra-EU transactions taxed. Read more...

Input Tax - Right to deduct - 3rd party beneficiary October 2017

The recent Bulgarian case (Sofia v 'Iberdrola Inmobiliaria Real Estate Investments' EOOD) highlights an interesting issue. Read more...

Mercedes-Benz Financial Services UK Ltd - Contract Hire - A supply of goods or services? October 2017

The longstanding orthodoxy on credit sale type transactions is that the supply is one of goods where the contracts contemplate title to the goods passing to the 'consumer' on completion of the credit terms (e. Read more...

Wilson Leisure Developments Limited - Agent or Principal October 2017

Wilson Leisure Developments Limited'Agent or principal in the supply of holiday accommodation'  WLD sold holiday lodges to investors and subsequently agreed to pay lodge owners a guaranteed return on their investment if the owners agreed to allow them to market and manage the letting of the property for 46-48 weeks of the year. Read more...

Phased developments - Capital Goods Scheme and Option to Tax February 2017

Disapplication of the Option to Tax and a ground breaking decisionThis case was about the acquisition of a former public house and its conversion in two phases into a ground floor children's nursery and the upper floor to apartments. Read more...

Appeals - Totel's lost deposit February 2017

TOTEL v HMRC : COURT OF APPEAL [2016] EWCA CIV 1310If you want to appeal to the Tax Tribunal against a decision of HMRC then, in most cases, you are required by S84(3) VAT Act 1994 to deposit (with HMRC) the amount of disputed tax as a pre-condition of appealing. Read more...

Input Tax Deduction - Mutual Beneficiaries February 2017

DORAN BROS (LONDON) LIMITED V HMRC [2017] UKFTT 829 HMRC ruled that tax advice given to a company (which helped the sole director to reduce his income tax and NIC liabilities) was not obtained for the purpose of its business because it was for the financial benefit of the director. Read more...

Stripping out the Consideration February 2017

WILTONPARK V HMRC : COURT OF APPEAL [2016] EWCA CIV 1294Wiltonpark operates table and lap dancing clubs. Read more...

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