David Southern comments on topical VAT issues
The Value Added Tax (Amendment) (No. 4) Regulations, SI 2010/3022, amend the Value Added Tax Regulations, SI 1995/2518.
‘Retailers are bracing themselves for a deterioration in trade in the coming year as the government’s VAT increase, coupled with swingeing spending cuts, put people off spending on the high street.’
The Value Added Tax (Exceptions Relating to Supplies not Made to Relevant Business Person) Order, SI 2010/3017, amends the description of the natural gas distribution system and adds the provision of heating and cooling through a net
The five key tax developments in 2010 affecting VAT by Richard Wild
Revenue & Customs Brief 52/10 outlines the implications of the increase in the standard rate from 17.5% to 20% on 4 January 2011, and the changes to certain place of supply rules with effect from 1 January 2011.
Revenue & Customs Brief 51/10 outlines a change in the VAT treatment of business samples. Taxpayers are invited to make claims subject to the capping rules, and the change will be legislated in Finance Bill 2011.
The Value Added Tax (Amendment) (No.
The Value Added Tax (Place of Supply of Goods) (Amendment) Order, SI 2010/2923, changes the description of the supply of gas and adds the supply of heat and cooling supplied through a network to the category of goods to which the place of supply rules apply.
Mark Agnew provides a critical analysis of the recent ECJ judgments in AXA and T-Mobile