VAT news - VAT Updates

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.
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VAT prompt payment discounts

All set for the new VAT Prompt Payment Discount rules?

Ryan Bevan 17 January 2016 No comments

  New rules on the VAT treatment of prompt payment discounts (PPDs) come into effect on 1 April 2015. The changes are being introduced to ensure protection of the revenue and compliance with EU legislation. Currently businesses offering PPDs are only required to account for VAT on the discounted price regardless of whether or not…

Online VAT Return filings

Changes to Electronic VAT Return Filing Legislation

Ryan Bevan 2 January 2016 No comments

  Since 1 April 2012 virtually all VAT registered businesses have been required to submit their UK VAT returns online and pay any VAT due to HMRC electronically. The only exceptions permitted in the legislation were for businesses that were subject to insolvency procedures or businesses run by people who are practicing members of a…


Court of Justice of the European Union – AG Opinion on cross-border transactions involving VAT Groups with overseas members

Ryan Bevan 29 November 2015 No comments

  This case (Skandia America Corporation USA C-7/13) concerns the VAT treatment of supplies of software services purchased by a US parent company that were used by its Swedish branch, which was a member of a Swedish VAT Group, to make supplies within the Swedish Group. The Advocate General recently opined that the services supplied…


ECJ decides different rates of VAT can be charged for books supplied in different physical formats where they meet different needs of the consumer

Ryan Bevan 29 September 2015 No comments

  In the recent K Oy case (C-219/13) the ECJ considered whether reduced VAT rates for paper books should also be applied to books supplied in other physical formats, such as audiobooks and books published on CDs, CD –ROMs and USBs. The Court decided that different rates could be justified if the format of the…

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…

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…

new VAT rules for 2015

January 2015 new VAT rules. Less than a month to go – are you ready?

Ryan Bevan 29 December 2014 No comments

  Time is running out! With less than a month to go until the new VAT rules for B2C supplies of Broadcasting, Telecommunications and e-services (BTE) come into effect now is the time to ensure that you are on track to have the required procedures and systems changes in place for 1 January. Under the…