VAT and similar taxes

Latest

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  • Membership fees and allocations to separate branches

    Article

    Submitted: 12 February 2018

    Although branches of the NFOP were independent persons for VAT purposes, branch rebate payments made from the NFOP to the branches were not amounts received as agent by the NFOP, but consideration received by NFOP for supplies of membership benefits.

  • VAT, fixed establishments and supplies into the UK using a related UK party

    Article

    Submitted: 12 February 2018

    An overseas company which supplied insurance through a related company in the UK did not have a fixed establishment in the UK. Accordingly, supplies by the UK broker to the company were supplied outside of the EU and the broker was able to recover input tax attributable to those supplies.

  • Taxation of Bitcoin and other similar cryptocurrencies

    Article

    Submitted: 06 February 2018

    An overview of the UK tax treatment of Bitcoin and similar cryptocurrencies.

  • Input VAT and fraudulent non-supplies

    Article

    Submitted: 01 February 2018

    A taxpayer was entitled to input VAT credit for a payment in respect of a supply that the supplier fraudulently never completed.

  • ECJ confirms single supply treatment

    Article

    Submitted: 26 January 2018

    The ECJ has confirmed that where there is a single supply, a single VAT rate must be applied to all of the elements of that supply in the absence of specific statutory language to the contrary.

  • VAT: EU proposals for rate flexibility and SMEs

    Article

    Submitted: 19 January 2018

    The EU Commission has put forward proposals to provide greater flexibility in setting national VAT rates and allow smaller businesses to take advantage of turnover thresholds cross-border as part of its proposed move to the definitive destination model for VAT.

  • Membership fees and multiple supplies

    Article

    Submitted: 09 January 2018

    The supply of benefits as part of a “membership” in return for payment of an annual fee did not amount to a single taxable supply of membership where the typical member was primarily interested in the physical items received as a member rather than the membership itself.

  • Supplies of pension fund management not exempt insurance

    Article

    Last Reviewed: 04 December 2017 / Submitted: 30 November 2017

    The High Court has rejected arguments that pension fund management services either are or should be treated in the same way as exempt supplies of insurance for VAT purposes.

  • VAT, research and MiFID2

    Article

    Last Reviewed: 29 November 2017 / Submitted: 07 November 2017

    HMRC draft guidance confirms that investment research services will attract VAT post MiFID2 unless they fall within the exemption for fund management services.

  • Defined benefit pension schemes: employer input VAT

    Article

    Last Reviewed: 28 November 2017 / Submitted: 30 March 2015

    HMRC have released further guidance in relation to input VAT recovery in relation to pension schemes, dealing specifically with the recovery of input VAT by an employer in relation to a defined benefit scheme.

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