Election to waive exemption
Lee Squires and Fiona Bantock assess recent developments, including the decisions in AN Checker , Pactor Vastgoed and Granton Advertising, plus the consul tation on the VAT treatment of public bodies and the E U standard VAT declaration.
Daniel Lyons look forward to the advocate general’s opinion in the Danish case of ATP PensionService A/S
According to Deloitte, the application for leave to appeal to the Supreme Court by Airport Development and Investments Limited (ADIL), the company formed to take over the British Aviation Authority (BAA), has been refused.
HMRC is currently participating (until 31 December 2013) in a European Union trial for VAT ruling requests for complex cross-border situations.
VAT cultural services exemption
VAT treatment of gaming machines
The EC has published proposals to standardise VAT returns across all EU Member States. Under the draft legislation, any business with an annual turnover of more than €2m will be required to submit and pay their VAT returns on a monthly basis.
Following the recent decision in Pactor Vastgoed on the Dutch option to tax, Gary Richards and Alan Sinyor analyse the possible implication for the UK system, especially for those taxpayers who accounted for VAT under the capital goods scheme following the purchase of a property as a TOGC.