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EU seeks opinions on whether transfer pricing adjustments are subject to VAT

Gareth Bevan 19 April 2017 No comments

European Commission transfer pricing working paper The European Commission has issued a working paper asking the VAT Committee to consider whether transfer pricing adjustments carried out for direct tax purposes are within the scope of VAT. The VAT Committee is being asked to examine the potential VAT implications with the aim of providing legal certainty…

Budget 2017

Spring Budget 2017 – VAT Headlines

Gareth Bevan 8 March 2017 No comments

Today Chancellor Philip Hammond presented the last Spring Budget.  Future Budgets will be delivered in the Autumn. The main VAT-related measures announced in the Budget are: VAT Registration and deregistration thresholds From 1 April 2017 the VAT registration threshold will increase from £83,000 to £85,000 and the deregistration threshold from £81,000 to £83,000. VAT Use and enjoyment…


Office of Tax Simplification (OTS) Review of VAT

Gareth Bevan 2 March 2017 No comments

At the 2016 Autumn Statement, the Chancellor of the Exchequer and the Financial Secretary to the Treasury asked the Office of Tax Simplification (OTS) to conduct a review of VAT.  The objective of the review was to see whether the VAT system was fit for purpose in the modern economy and to identify potential areas…


Vouchers and business promotion schemes: Associated Newspapers Limited VAT case analysis

Gareth Bevan 24 February 2017 No comments

Following on from our earlier blog post, in this article we bring you a more in depth analysis of the Court of Appeal decision in the Associated Newspapers Limited (ANL) VAT case on vouchers and business promotion schemes. The decision covers both the output VAT and input VAT consequences of the schemes.  It could have…

Major implications for businesses

Court of Appeal VAT decision could have major implications for businesses involved in the voucher market

Gareth Bevan 16 February 2017 No comments

The Court of Appeal decision in the case of Associated Newspapers Limited (ANL) was released last week and, if it stands, will have major implications for businesses involved in the voucher market. In this blog, we provide our initial reaction to the ruling before following up with a more detailed review of the judgement next…


Brexit and VAT – what do we know so far?

Gareth Bevan 2 February 2017 No comments

Brexit has been dominating the news over the past couple of weeks following two landmark events. Firstly, there was Theresa May’s speech in which she set out 12 objectives for Britain in the impending exit negotiations.  Then there was last week’s Supreme Court ruling that Parliament had to approve the triggering of Article 50 which commences…

Cross-border sales online

Amazon Sellers – Stay in control of your VAT compliance!

Gareth Bevan 13 January 2017 No comments

With the boom in online selling set to continue, the heat is being turned up on those sellers using online marketplaces who are not complying with their VAT obligations.   In a move to simplify VAT compliance, Amazon are currently piloting a new service which avoids the need for sellers to deal with overseas VAT on…


Increasing trend for real time VAT reporting

Gareth Bevan 4 January 2017 No comments

As tax authorities transform their operations to bring themselves into the digital age, the burden of real time VAT reporting for businesses will become increasingly common. Tax authority digital transformation Many countries have required or allowed electronic filing of VAT/GST returns for some time now. Growing numbers of tax authorities routinely conduct e-audits, with some…

VAT-free Christmas

All I want for Christmas is a VAT-free designer handbag!

Gareth Bevan 16 December 2016 No comments

Well if you are a member of the US forces based in the UK then your wish could come true! For many UK businesses it is probably a little known fact that you can sell most goods and services costing £100 (inc VAT) or more to a member of the US forces or their family…

Cross-border sales online

How will the proposed new EU VAT rules for online, cross-border sales of goods impact businesses?

Gareth Bevan 8 December 2016 No comments

Further to our earlier blog posts, we take a more detailed look at the implications of the new VAT proposals relating to intra-EU, online cross-border sales of goods to consumers.   Current Rules – Distance Selling Regime At present EU businesses supplying goods to consumers in other EU Member States are required to apply “Distance Selling” VAT…