VAT and similar taxes

Latest

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  • Tax Journal VAT Briefing for June 2018

    Article

    Submitted: 13 June 2018

    Simmons & Simmons monthly contribution to Tax Journal analysing recent VAT developments.

  • Input VAT on advance payments on account

    Article

    Submitted: 12 June 2018

    A person is entitled to input VAT credit for a payment on account in circumstances where the supply never takes place and a refund of the deposit paid is not possible due to the fraud of the supplier.

  • VAT reverse charge for construction services

    Article

    Submitted: 12 June 2018

    The Government has released draft legislation for the implementation of a VAT reverse charge on supplies of construction services.

  • Loan servicing not exempt from VAT

    Article

    Submitted: 14 May 2018

    The First-tier Tribunal has held that supplies by a business administering a loan portfolio for a bank were not exempt from VAT as the supplies fell within the exception for “debt collection”.

  • VAT and customer loyalty schemes

    Article

    Submitted: 14 May 2018

    The Upper Tribunal has held that where a loyalty scheme was run by a “separate operator”, then the VAT incurred on a redemption payment by that operator was a cost component of running the loyalty scheme rather than third party consideration.

  • VAT and "free" item promotions

    Article

    Submitted: 14 May 2018

    Where an item was described as provided “free” but its receipt was conditional on purchasing other qualifying items, the consideration payable for those items must be attributed in part to the “free” item.

  • Tax Journal VAT Briefing for May 2018

    Article

    Submitted: 14 May 2018

    Simmons & Simmons monthly contribution to Tax Journal analysing recent VAT developments.

  • VAT and hire purchase transactions: AG opinion

    Article

    Submitted: 08 May 2018

    The Advocate General has suggested that the UK VAT treatment of hire purchase transactions as two separate supplies is contrary to EU law.

  • Attribution of input VAT to business on a takeover

    Article

    Submitted: 08 May 2018

    The Advocate General has opined that input VAT incurred on the acquisition of shares should be attributable to the wider business of the acquiring company where the purpose of the acquisition is to enhance that business.

  • DPAS: VAT exempt payment payment services revisited

    Article

    Submitted: 25 April 2018

    Simmons & Simmons article for Tax Journal looks at the Advocate General’s opinion on the scope of the VAT exemption for transactions concerning payments or transfers in the context of payment administration services provided to a debtor.

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