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Autumn Budget 2017 – VAT registration threshold frozen and online VAT fraud targeted

carolineheath 22 November 2017 No comments

Today Chancellor Philip Hammond presented his first Autumn Budget.  The main VAT-related measures announced were: VAT registration thresholds In response to the Office of Tax Simplification’s report Value Added Tax: Routes to Simplification, the government will consult on the design of the threshold. In the meantime the registration threshold will be maintained at the current level…


Don’t forget to claim your foreign VAT in time

Gareth Bevan 11 August 2017 No comments

Do you incur overseas VAT in the course of your business activities?  Did you know that not all foreign VAT you pay needs to be suffered as a cost?  There are mechanisms in place which enable both EU and non-EU businesses to recover VAT on certain costs that are incurred in EU countries where they…

use and enjoyment telecommunications

Use and enjoyment VAT provisions for telecommunication services – Consultation

Gareth Bevan 26 April 2017 No comments

In the Spring Budget 2017 the government announced that it would remove the use and enjoyment VAT provisions for business to consumer (B2C) telecommunication services. This means that UK VAT will now be charged on all telecommunication services used outside the EU by UK consumers. This change will bring the UK rules in line with…


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…


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…