Helen Lethaby reviews recent developments affecting the City, including the consultation on bank levy banding and the surprise Budget announcement on profit transfer anti-avoidance
VAT Information Sheet 3/2014 explains changes introduced with effect from 1 April 2014, following consultation, to allow manufacturers – including importers who start the supply chain in the UK – to adjust their VAT accounts where they provide certain refunds directly to final consumers
Customs duty: meaning of ‘price’
APD: should the legislation be read in the light of technological developments?
Partially exempt business: residual input tax
Caravans: items subject to zero-rating
Was compound interest payable by HMRC on VAT wrongfully levied?
On 13 March 2014, the CJEU handed down five judgments on fiscal neutrality. As barrister Frank Mitchell observes, the decisions are 'difficult to reconcile' and 'pull the law in different directions'.
Lee Squires and Fiona Bantock review recent key developments, including the decisions in ATP PensionService, Secret Hotels2 and Esporta, as well as principal VAT measures from the Budget
Robert Waterson considers the High Court decision in Littlewoods concerning the recovery of compound interest on overpaid VAT