VAT news - August 2015

Welcome to our VAT blog area – we talk about the things that are important to our clients and the essential VAT information we think you need to know.
You can connect with us by sharing posts, adding comments or getting in touch to talk about VAT issues that are important to you.

VAT domestic reverse charge

Introduction of a Domestic Reverse Charge for Wholesale Supplies of Gas and Electricity

Ryan Bevan 29 August 2015 No comments

  With effect from 1 July 2014 a domestic reverse charge for wholesale supplies of gas and electricity within the UK was introduced. The change in VAT accounting arrangements for these supplies was to counter the threat of missing trader intra-Community (MTIC) fraud. Subject to certain exceptions, the domestic reverse charge applies to all wholesale…

READ MORE
Skandia VAT grouping ECJ case

Significant CJEU decision in Skandia VAT Grouping case

Ryan Bevan 29 August 2015 No comments

  Further to our earlier article on the AG’s Opinion, the CJEU have now published their final decision in this case (Skandia America Corporation USA C-7/13). This decision is likely to have a significant impact for any international business operating through VAT Group structures in the EU. In summary, the CJEU has ruled that if…

READ MORE