VAT

The European Commission’s VAT Expert Group (VEG) has adopted an opinion on the EU cross-border rulings (CBR).

Tarlochan Lall (Monckton Chambers) reviews the Upper Tribunal decision in Southern Cross, which illustrates that HMRC’s ability to recover a repayment of VAT is limited when the refund arises under a compromise agreement

MTIC fraud and the recovery of input tax

In the past, financial services organisations have been able to adopt VAT partial exemption methods. These allow them to ‘look through’ to the supplies made by foreign branches and determine their recovery in proportion thereto, or to simply include...

Vaughn Chown (Gabelle) answers a query on VAT on the sale of food.

In this month’s briefing, Lee Squires and Fiona Bantock (Hogan Lovells) cover the latest on pension fund management costs; the Budget announcement on partially exempt businesses with foreign branches; VAT on e-books; and the decision in Colaingrove.

The EC has announced that its cross-border VAT rulings trial, which started with its first test case on 1 June 2013, has been extended to 30 September 2018.

HMRC’s ability to enter into binding agreements

Compulsory deregistration

Was an allowance on a part-exchange car a discount?