Deloitte reports that the changes to the VAT regulations would be made to prevent partially exempt businesses from taking account of supplies made by foreign branches when reclaiming input tax in the UK ‘is likely to have been’ postponed, with HMRC reviewing the draft regulations in light of comm
The EC has issued its final report on Implementing the ‘destination principle’ to intra-EU B2B supplies of goods, where the ‘destination principle’ is the taxation of supplies of goods in the member state of destination, as opposed to in the member state of origin.
Place of supply (old rules)
Bitcoin exchange transactions
Medical care provided by subcontractors
Insurance provided with car hire was separate supply.
The UT decision in University of Cambridge was a welcome one for partially exempt bodies with similar types of investment funds that derive income or capital for their overall economic benefit, report Nicholas Gardner and Shayaan Zaraq Bari (Ashurst).
Holding companies and input tax
A warranty for mechanical breakdown is an insurance product