VAT and similar taxes

Latest

1 to 10 of 183

  • VAT and portfolio management services Restricted access

    Article

    Submitted: 09 May 2012

    The Advocate General has opined that supplies of portfolio management services to individual investors form a single supply of services which do not qualify for exemption from VAT.

  • Importance of contractual arrangements in determining VAT supplies Restricted access

    Article

    Submitted: 08 March 2012

    The Upper Tribunal has referred to the ECJ important questions concerning both the importance of contractual arrangements in determining the nature of a supply for VAT purposes and also the abuse of rights principle.

  • Recovery of overpaid VAT from HMRC by investment manager customers Restricted access

    Article

    Submitted: 06 March 2012

    The High Court has held that a customer overcharged VAT is not able under UK law to recover that VAT from HMRC on the basis of a restitutionary claim, but has deferred decision on whether the EU law right to repayment requires such a restitutionary remedy.

  • Direct tax treatment of VAT repayments via a representative member Restricted access

    Article

    Submitted: 05 March 2012

    The First Tier Tax Tribunal has held that VAT repayments received by a trading company via the representative member of an earlier VAT group were taxable trading receipts and that interest on such repayments was taxable as loan relationship credits.

  • Importing and using aircraft: VAT issues Restricted access

    Article

    Submitted: 14 February 2012

    A short note setting out the VAT implications of importing an aircraft into the EU.

  • Bad debt relief and VAT only invoices Restricted access

    Article

    Submitted: 25 January 2012

    The Upper Tribunal has held that, in certain circumstances, a taxpayer may be entitled to bad debt relief for the whole of the VAT unpaid and not simply the proportion of the unpaid amount equating to the VAT fraction.

  • Supplies under novated insurance arrangements Restricted access

    Article

    Submitted: 24 January 2012

    Supplies made by Prudential to the RBS group in relation to the renewal of insurance policies originally taken out with Prudential did not fall within the exemption for insurance related services: RBS v HMRC

  • Meaning of supply of staff Restricted access

    Article

    Submitted: 24 January 2012

    The ECJ has held that a "supply of staff" for VAT purposes can cover a supply of self-employed individuals as well as employees.

  • Compound interest claims Restricted access

    Article

    Submitted: 12 January 2012

    The Advocate General has opined that rules which limit the payment of interest on the reimbursement of overpaid VAT to simple interest are not in principle contrary to EU law.

  • Recovery of overpaid VAT Restricted access

    Article

    Last Reviewed: 06 March 2012 / Submitted: 22 December 2011

    The ECJ has held that it may be incompatible with EU law for time limits for the recovery of overpaid VAT by a supplier to be shorter than the time limits for recovery of that overpaid VAT by a customer from that supplier.

1 to 10 of 183