VAT and similar taxes

Latest

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  • VAT and on-supplied insurance

    Article

    Submitted: 24 March 2017

    The Upper Tribunal has held that an on-supply of insurance at a small profit qualified as an exempt supply even though the recipient could not directly enforce the insurance.

  • VAT and tripartite supplies

    Article

    Submitted: 23 March 2017

    The Upper Tribunal has applied the approach set out by the Supreme Court decision in Airtours to two scenarios involving tripartite arrangements concerning provision of temporary workers and car repairs undertaken by an insurer.

  • Halifax abuse: burden of proof

    Article

    Submitted: 20 March 2017

    The First Tier Tribunal has followed dicta from the Upper Tribunal and held that the burden of proof for alleging Halifax abuse of law lies with HMRC.

  • Pensions stumbling block for FTT?

    Article

    Last Reviewed: 24 February 2017 / Submitted: 20 February 2017

    Press reports suggest that disagreements over the treatment of pension funds under the FTT proposal risk the future of the proposal.

  • Luxembourg 2017 tax reform approved

    Article

    Submitted: 30 January 2017

    On 14 December 2016, the Luxembourg Chamber of Deputies adopted draft law 7020 on the 2017 tax reform (the Tax Reform Law). This article outlines the main changes that the Tax Reform Law introduces, affecting both corporations and individual taxpayers.

  • Changes to the French FTT: 2017 Finance Act measures

    Article

    Submitted: 26 January 2017

    The 2017 Finance Act provides for the increase in the rate of French FTT to 0.3% from 01 January 2017 and its extension to intraday trading from 01 January 2018.

  • VAT and holding company services provided without charge

    Article

    Submitted: 24 January 2017

    The ECJ has confirmed that a holding company which provides services to its subsidiaries without charge cannot recover related input VAT on those services.

  • Luxembourg implements country-by-country reporting

    Article

    Submitted: 24 January 2017

    The Luxembourg Government has introduced a draft law transposing the EU Council Directive on the mandatory automatic exchange of information in the field of taxation.

  • Input VAT on tax mitigation scheme is deductible

    Article

    Submitted: 20 January 2017

    VAT incurred by a business in implementing an employment tax mitigation scheme was deductible as input VAT attributable to its general business overheads.

  • Wheels keep turning

    Article

    Submitted: 10 January 2017

    Wheels Common Investment Fund Trustees has been allowed to amend its claim for repayment of overpaid VAT on investment fund management services to a defined benefit scheme to argue that the imposition of VAT was in breach of EU law since similar services provided by an insurer are treated as exempt insurance supplies.

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