Can VAT be imposed on both the recipient and the supplier?
HMRC has published its second estimate of the VAT gap for 2013/14, where the VAT gap is the difference between the amount of VAT that should, in theory, be collected by HMRC, against what is actually collected.
Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to new research from Investec Wealth & Investment.
HMRC is seeking views until 15 May 2015 on draft legislation and explanatory notes amending the rules for the tax-advantaged venture capital schemes announced at Budget 2015. The Budget announced a package of changes to the enterprise investment scheme (EIS) and venture capital trusts (VCTs):
The VAT exemption for postal services and private providers
Approved excise warehousing and diverted goods
Was a partnership the recipient of legal services?
Derek Leith and Bob Cardno (EY) review the new support measures
Leslie Allen and Waqar Shah (Mishcon de Reya) examine a recent decision on VAT treatment of contingent discounts and credit notes
Enterprise Nation published a report this week criticising HMRC for its handling and communication of changes to European VAT legislation implemented in January, especially of the mini one-stop shop (MOSS).