HMRC are not appealing against the First Tier Tribunal decision in Paymex Ltd (TC 1210), published last month.
Dan Smith considers VAT on these two issues of interest to corporate occupiers
HMRC have launched their fourth tax evasion task force in three months, declaring that ‘there is a problem with some fast food outlets deliberately falsifying their records and mis-declaring their true sales levels’.
In the first of a new monthly series, Greg Sinfield and Lee Squires examine the latest VAT developments that matter, which this month include the consultation on the cost sharing exemption, the decision in BAA Ltd, and the Implementing Regulations
Revenue & Customs Brief 24/11 announced that HMRC will withdraw item two of Business Brief 28/04 (correcting liability errors) with effect from 1 August, to take account of Brief 15/09, which ‘confirmed that HMRC is bound by incorrect advice only in [certain] circumstances’.
HMRC will send out more than 40,000 letters over the next few weeks, inviting people who have failed to register for VAT to make a full disclosure and take advantage of a reduced penalty.
VAT on property construction is acknowledged as one of the most complex areas of VAT. Karen Mulcahy provides an overview of the rules and seeks to offer some practical hints on mitigating VAT costs
A new exemption could remove a VAT charge preventing universities and charities from gaining efficiencies by sharing costs, HMRC said as they launched a consultation.