Abusive tax planning
The Upper Tribunal was unimpressed by the taxpayer’s argument in Huddersfield University, reports Graham Elliott (Withers).
Mark Agnew and Arianne Wijdeveld (Baker & McKenzie) consider the impact that the Skandia decision will have for financial services groups in the UK.
Peter Jenkins (Peter Jenkins Associates) examines the FTT case of The Serpentine Trust Ltd v HMRC, concerning the VAT treatment of ‘donations’ made by four friends schemes to the Serpentine Gallery, which provided the donors with benefits from the gallery.
In this month’s briefing, Lee Squires and Fiona Bantock (Hogan Lovells) examine four recent and highly relevant VAT cases: Skandia America, GMAC, Bookit and Taylor Clark.
Vaughn Chown (Gabelle) answers a VAT query regarding a UK-based consultant whose earnings are usually below the VAT registration threshold, and who has been awarded a £200,000 contract which will involve conducting part of her work in China.
The Upper Tribunal has found in HMRC’s favour against the University of Huddersfield, which claimed £612,000 in VAT under a tax avoidance scheme in 1996, despite an earlier First-tier Tribunal ruling for the university.
Place of supply of goods manufactured in one country and finished in another
The MOSS may not be so simple, but it is worth trying, writes Tarlochan Lall (Monckton Chambers)