Greg Sinfield and Lee Squires consider the Advocate General's Opinion in Littlewoods and the treatment of supplies of phonecards in Lebara, plus the Court of Appeal guidance in AXA and the CJEU judgment in Banca Antoniana.
Whether interest should be compounded
The Advocate General’s opinion compounds uncertainty over interest, explain Nick Skerrett and Ben Cooper.
Richard Woolich considers that the European Commission is showing a real determination to make a significant change in VAT.
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.