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VAT


Charlotte Black and Robert Field (Farrer & Co) consider the VAT implications of charitable grants and analyse the key considerations concerning when they might become a taxable supply.
 

The European Commission is consulting until 18 December 2015 on ways to simplify the payment of VAT on cross-border e-commerce transactions in the EU, focusing particularly on small businesses using the mini one-stop shop (MOSS).

Risk management surveys and the insurance exemption 

Are municipal entities taxable persons?

Shops employing more than 250 people in England have had to charge for single-use carrier bags at a minimum of 5p per bag from Monday 5 October, but accountants have warned there are VAT and direct tax consequences these businesses must consider.

HMRC has appealed to the Upper Tribunal against the First-tier Tribunal’s decision in Associated Newspapers v HMRC [2015] UKFTT 409 that Associated Newspapers could reclaim input VAT on vouchers given away in its sales promotion schemes and is scheduled to be heard on 5–7 October 2015. F

Lee Squires and Fiona Bantock (Hogan Lovells) review the VAT developments that matter, including: retrospective VAT grouping in Copthorn; abuse of rights in WebMindLicenses; vouchers used for business promotion in Associated Newspapers; and responses on the recent penalties consultation. 
 

The European Commission (EC) has launched a public consultation to help identify ways to simplify the VAT payments on cross-border e-commerce transactions in the EU.

Transfer of business assets and compromise agreements

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