Lee Squires and Fiona Bantock identify this month's VAT developments that matter.
HMRC has updated its Notice 700, The VAT Guide. This is the main reference guide to VAT, including the main rules and procedures, help with problems faced by business and references to specialist publications.
Tarlochan Lall reviews the recent Tribunal decision in Shop Direct and considers when VAT repayments are trading receipts.
Freshly baked savouries should not be subject to VAT ‘as we don't keep them hot after they've been made nor are they heated for the customer’, said Ken McMeikan, Chief Executive of Greggs, writing in
The Climate Change Levy (General) (Amendment) Regulations, SI 2012/943, amend the principal regulations as a consequence of the repeal of the exemption for taxable commodities supplied for use in certain metal recyclin
The Landfill Tax (Qualifying Material) (Amendment) Order, SI 2012/940, amends the list of qualifying material subject to the lower rate of landfill tax.
Greggs, the bakery retailer, has vowed to ‘lead a rebellion’ over the government’s plans to extend VAT to all hot takeaway food.
From 1 April 2012 legislation will make clear that ‘the use of red diesel with full duty paid for propelling private pleasure craft is permitted under UK national legislation within UK waters’, HMRC said in Revenue & Customs Bri
Finance Bill 2012 will contain anti-forestalling legislation to ensure that changes announced in the Budget to the VAT liability of (a) supplies of self storage facilities and (b) supplies of services and materials in connection with approved alterations of protected buildings are ‘fully effectiv
The Value Added Tax (Consideration for Fuel Provided for Private Use) Order, SI 2012/882, substitutes a new Table A in VATA 1994 s 57(3), setting out the flat-rate values to be applied to the supply of fuel for private