Etienne Wong (Old Square Tax Chamber) considers whether the Longridge judgment on ‘relevant charitable purpose’ is the final word on what ‘business’ means for VAT.
HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery fo
HMRC has published an overview of its new powers, introduced by Finance Act 2016 ss 123 and 124, to require overseas businesses trading through online marketplaces to register for VAT in the UK, appoint a UK representative, or provide security.
HMRC is consulting until 14 November 2016 on draft regulations setting out the detail of the approval scheme for users and dealers in raw tobacco, as introduced by Finance Act 2016. The scheme will come into effect on 1 April 2017, with the registration process due to begin in January 2017.
Letters of comfort and bad debt relief
Equal to the sum of its parts? Is a ‘kit’ the same as the completed model? Graham Elliott (City & Cambridge Consultancy) considers the recent tribunal VAT decision in Scandinavian Log Cabins Direct.
HMRC has published a tax information and impact note explaining the VAT (Place of Supply of Services: Exceptions Relating to Supplies Made to Relevant Business Person) Order, SI 2016/726, which introduces an exception to the usual VAT place of supply rules for indemnity repairs carried out under