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
Kevin Hall (Gabelle) answers a query from an adviser with a client who has been charged unexpected VAT by a builder.
Rowena Clifton and Andy Gott (RSM) review HMRC’s new guidance on business transfers into VAT groups, which clarifies how the VAT registration test should be applied when the purchaser is not established in the UK for VAT purposes.
Waqar Shah (Mishcon de Reya) revisits the controversial decision in Zipvit where the customer lost its ability to claim input tax credit for the VAT which its supplier should have accounted to HMRC.