This month there are several VAT issues which are polar opposites in nature, ranging from administrative matters to critically important opinions under European law.
Latest news & events
HMRC investigations bring in a record £3.9bn of extra VAT from SMEs
The amount of extra VAT taken from investigations into SMEs by HMRC’s local offices has almost doubled in three years, rising from £2.2billion in the 2010/11 tax year.
HMRC’s internal VAT review process tips in favour of HMRC over businesses
Businesses are losing out as HMRC’s internal VAT decision review process appears to be making decisions increasingly in HMRC’s favour,
UK consumers burdened with highest sales taxes in G8
UK consumers are suffering under some of the highest level of consumption and sales taxes in the G8*, according to our new research.
Slipping the digital services net
18 December 2014
Since I last wrote about the supply of digital services, there have been some developments, as traders, their advisors and HMRC try to make the new rules workable.
Finance Bill 2015 draft legislation – VAT measures
10 December 2014
Our VAT partner, Simon Newark, looks at how the VAT change for Prompt Payment Discounts could cause problems for business and also discusses the difficult consultations affecting the Government’s proposal to offer VAT refunds for hospices.
VATflash: An update on the Mini One Stop Shop
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.