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Practice notes
Property authorised investment funds (PAIFs)—summaryThe regime for property authorised investment funds (PAIFs) was introduced in 2008.It created a...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 19th May
Practice notes
Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...
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19th May
Practice notes
SDLT—deeds of rectificationStamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from...
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19th May
Practice notes
VAT treatment of damages and compensation paymentsFORTHCOMING CHANGE: HMRC is in the process of revising Revenue and Customs Brief 12 (2020) on the...
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19th May
Practice notes
Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Corporation tax—connected personsThis Practice Note looks at the meaning of connected persons within sections 1122 and 1123 of the Corporation Tax Act...
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19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell 19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
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19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
Q&As
Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....
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19th May
Practice notes
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May
Practice notes
SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
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19th May

Most recent VAT content

Practice notes
Exemption from VAT for land and buildingsFORTHCOMING CHANGE: HMRC has published a wide-ranging call for evidence seeking views on a number of options...
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Produced in partnership with Martin Scammell 4th Aug
Practice notes
The option to tax land and buildingsThis Practice Note is about the option to tax land and buildings. It considers the person by whom the option is...
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Produced in partnership with Martin Scammell 2nd Aug
Q&As
If the landlord agrees to refund annual rent paid in advance for the period after a break date (assuming the break is exercised), is it correct or...
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1st Aug
Q&As
Is it possible to reclaim value added tax (VAT) on the purchase of a property if the purchaser has not paid a sum equal to the VAT to the seller and...
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1st Aug
Q&As
Is a VAT registered company that is only carrying out exempt activities obliged to apply for deregistration?A person who is registered for VAT in the...
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1st Aug
Q&As
What is the VAT treatment of a dilapidations claim on termination of a lease?As set out in Practice Note: VAT issues for lease assignments and...
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1st Aug
Q&As
Is an option to tax effective before it has been accepted by HMRC?An option to tax takes effect from the date on which it is exercised, or any later...
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1st Aug
Q&As
Is VAT chargeable on an assignment of contracts relating to the provision of financial services relating to pension and retirement planning,...
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1st Aug
Q&As
Is interest charged on underpaid import value added tax (VAT) pursuant to the statutory VAT provisions or the statutory customs provisions?Interest on...
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1st Aug
Q&As
Can a company that is jointly owned, 50% each, by two companies become a member of the existing VAT group of one of the shareholder companies?This Q&A...
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1st Aug
Q&As
Does the seller of a business need to be VAT registered for the transfer to be treated as a TOGC?There are several conditions that must be met in...
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1st Aug
Q&As
Do the fees of an EIS fund manager qualify for the VAT exemption for intermediary financial services?Investment management is generally subject to...
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1st Aug
Q&As
In the context of a TOGC, is it sufficient for a buyer to show they have made an application to HMRC for VAT registration or must the buyer already be...
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1st Aug
Q&As
What is the VAT treatment of a sub-contractor supplying materials to a contractor to be used in the construction of a zero rated new dwelling?A supply...
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1st Aug
Q&As
Does a non-UK entity need to have a UK bank account in order to register for VAT in the UK and recover input tax?We are not aware that there is a...
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1st Aug

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