Zero-rating and ambulance services
HMRC has announced a change of policy following the decision of the First-tier Tribunal in Phoenix Foods Ltd [2018] UKFTT 18 (TC).
HMRC has set out the treatment it expects to see applied to dealer deposit contributions in the motor retail trade, where dealers contribute towards the deposit payable to the finance company, leaving the customer to pay a reduced amount.
HMRC will open the new customs declaration service (CDS) with limited functionality to a group of importers in August 2018, before the roll-out to all importers in November. The release to exporters will be announced later.
Salary sacrifice scheme not a supply
The European Commission VAT Committee has published its latest list of guidelines, updated to 2 July 2018.
Letting of property by a holding company to a subsidiary