HMRC are seeking views on ‘the best legislative approach’ to giving statutory effect to concession 3.2.2, which applies to UK VAT groups with an overseas member which buys services from persons outside the group and uses them to make supplies to UK members of the group.
Chris Sanger identifies seven common trends in tax policy across Europe, the Middle East, India and Africa
Chris Walsh looks at the planned expansion of VAT in China, the long-awaited simplification to India’s indirect tax regime, the expected implementation of the new GST system in Malaysia, and developments in the Middle East
Neil Warren examines the issues around MTIC VAT fraud and the importance of the need for a trader to consider the circumstances surrounding transactions
HMRC and the Association of British Insurers have produced a guidance note setting out how the VAT partial exemption rules apply to insurers.
Whether interest may be compounded
Karen Mulcahy considers the specific reliefs for land and property transactions