Taxpayers are unlikely to be entitled to billions of pounds in unpaid interest on overpaid VAT, tax experts said after the Advocate General delivered her opinion in Littlewoods (C-591/10) last week.
The following VAT Notices have been updated:
Notice 701/10: Zero-rating of books etc
The Value Added Tax (Amendment) Regulations, SI 2012/33, amend the principal VAT regulations to extend the requirement for VAT returns to be submitted electronically.
Paul Lasok QC sets out forthcoming developments in VAT
HMRC accepts that "extra care accommodation" meeting the standard conditions is "designed as a dwelling" – so that its construction and first sale or long lease will be zero rated – regardless of the use class applied for planning purposes.
A concession allowing the zero rating of the supply of a motor vehicle to a disabled wheelchair user, where the vehicle is adapted shortly after the supply is made, has been withdrawn.
HMRC’s VAT Information Sheet 13/11, concerning electronically supplied services, is a reminder that the standard VAT rate in Ireland increased from 21% to 23% with effect from 1 January 2012.