Information and guidance on the MOSS VAT regime is being released on a regular basis by the EU Commission and HMRC and it is clear that several aspects will have a significant impact on UK businesses which will need to be addressed.
If your business is involved in the area of digital downloads, or electronically supplied services to give it its more accurate label, you will need to prepare for the new VAT rules coming into force on 1 January 2015 across the EU.
Our July VATflash discusses the changes to customs procedures for imports of goods into the European Union. Tax-Update-VATflash
Our November VATflash discusses the complicated VAT treatment of tripartite arrangements. Although tripartite arrangements are not in themselves unusual, they cause difficulties when determining who can reclaim the VAT on relevant costs since the person contracting and paying for the service may not actually be the person receiving it. VATflash-November-2013-London
Our June VATflash discusses the VAT concept of single vs. multiple supplies and the implications for your business’ VAT position. It also discusses some recent cases relating to this matter for a company selling caravans, a supermarket selling disposable BBQs, and a French undertakers business. VATflash-June-2013-Manchester
January’s VATflash focuses on the changes to the research exemption, the long-term hire of means of transport, updates from the courts and other VAT related issues. VATflash-January-2013
This month’s VATflash discusses the ongoing Tribunal of Sub One, the changes to the Business Records Checks project, HMRC’s latest taskforce launches, extending the higher education VAT exemption to commercial providers, input VAT on the theft of goods, information on the tax gap, VAT registration for non-resident businesses and recent appointments. VATflash-November-2012
This month’s VATflash discusses a recent case at the European Court looking at the VAT treatment of discretionary investment services, the VAT treatment of property broker’s services, updated HMRC guidance on land-related services, a recent Tribunal decision in relation to grant funding and reasonable care and penalties. VATflash-October-2012
This month’s VATflash discusses the Littlewoods compound interest case, transfers of going concerns, vehicle leasing, imported gifts and retrospective planning permission. VATflash-Summer-2012
This month’s VATflash discusses new legislation for face-value vouchers, VAT issues surrounding charity events and requirements pertaining to planning permission and building works. VATflash-May-2012