VAT

VAT guidance:

This Practice Note sets out how the capital allowances rules interact with the rules relating to: • capital gains tax, including corporation tax on chargeable gains (CGT)...

Practice Note

This Practice Note is about the VAT issues that arise in commercial developments. It first considers a straightforward unproblematic scenario, and then looks at: •...

Practice Note

This Practice Note is about the VAT treatment of non-residential service charges. General position Service charges are typically payable to the landlord under a lease or...

Practice Note

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note describes the rules on the disclosure of arrangements for avoiding value added...

Practice Note

This Practice Note describes the rules on the disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) that have applied since 1 January 2018. For...

Practice Note

This Practice Note is about the exclusions from the VAT exemption for property transactions, and other provisions that interact with them. The exclusions for parking and...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

This Practice Note is about the scope of the VAT exemption for property transactions. In many cases the exemption is overridden by other provisions, and these are noted...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

FORTHCOMING CHANGE relating to split payment: At Spring Budget 2017, the government announced a call for evidence on alternate methods for collecting VAT for online...

Practice Note

This Practice Note sets out a sensible approach to reviewing a commercial contract (such as an intellectual property licence agreement) for VAT purposes. It does not seek...

Practice Note

This Practice Note is about the disapplication of the VAT option to tax (see Practice Note: The option to tax land and buildings) for residential and some other property....

Practice Note

This Practice Note is about the disapplication of the VAT option to tax (see Practice Note: The option to tax land and buildings) under anti-avoidance rules. Why does...

Practice Note

Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

A general partnership is treated, for VAT purposes, as though it were a separate taxable person. This note is about: • the nature of a partnership, and why this may be...

Practice Note

Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018, and regulations made...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...

Practice Note

The VAT exemption for financial services The UK VAT exemption for financial services is based on the relevant provisions of Council Directive 2006/112/EC (the VAT...

Practice Note

FORTHCOMING CHANGES relating to insolvency and tax: Finance Bill 2019–20 introduces provisions where: • HMRC becomes a secondary preferential unsecured creditor (moving...

Practice Note

This Practice Note is about the VAT issues that arise in residential developments. It covers: • different types of development • the implications of granting short leases...

Practice Note

This Practice Note is about the VAT treatment of residential service charges. Service charges payable to landlords Service charges are often payable to the landlord under...

Practice Note

This Practice Note outlines the UK VAT treatment of the issue of a sakk by an issuer to an investor (or sakk holder). A sakk is a certificate that confers certain rights...

Practice Note