Gary Harley and Chris Downing report on findings from a recent survey which suggest that VAT/GST remains under-resourced in most businesses.
HMRC has extended by two weeks the consultation period for proposed changes to the VAT system, including what has become known as the ‘pasty tax’.
Michael Ashdown answers a query on VAT on hot food.
Lee Squires and Fiona Bantock identify this month's VAT developments that matter.
HMRC has updated its Notice 700, The VAT Guide. This is the main reference guide to VAT, including the main rules and procedures, help with problems faced by business and references to specialist publications.
Tarlochan Lall reviews the recent Tribunal decision in Shop Direct and considers when VAT repayments are trading receipts.
Freshly baked savouries should not be subject to VAT ‘as we don't keep them hot after they've been made nor are they heated for the customer’, said Ken McMeikan, Chief Executive of Greggs, writing in
Greggs, the bakery retailer, has vowed to ‘lead a rebellion’ over the government’s plans to extend VAT to all hot takeaway food.
Finance Bill 2012 will contain anti-forestalling legislation to ensure that changes announced in the Budget to the VAT liability of (a) supplies of self storage facilities and (b) supplies of services and materials in connection with approved alterations of protected buildings are ‘fully effectiv
The Value Added Tax (Consideration for Fuel Provided for Private Use) Order, SI 2012/882, substitutes a new Table A in VATA 1994 s 57(3), setting out the flat-rate values to be applied to the supply of fuel for private