This month there are several VAT issues which are polar opposites in nature, ranging from administrative matters to critically important opinions under European law.
- Tax Hub
- Service & sector brochures
- International Business
- Creditor reports portal
- Budget summary
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.
Poles apart – HMRC challenge scaffolder’s VAT treatment
27 June 2016
It is apparent that HMRC have established a national VAT Scaffolding Team and are systematically selecting candidates for compliance checks. They may come knocking at your door next.
How will Brexit affect VAT?
There will be uncertainty over the coming months as the detailed issues are worked out, however, some things, like VAT, will be driven by the cold hard reality of tax law and the supremacy of a democratically elected Parliament.
VATflash: HMRC lose in relation to input VAT for Single Farm Payment Entitlement
HMRC have recently lost an important case which has resulted in farming businesses that have purchased units of Single Farm Payment Entitlement, where HMRC have disallowed the input VAT claims, to now make a back claim to HMRC for the VAT plus interest.