VAT basic principles

VAT basic principles 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

ARCHIVED: This Practice Note has been archived and is not maintained.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

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

COVID-19 VAT measures: On 20 March 2020 the government announced that it had suspended the next quarter of VAT payments. This applied with immediate effect and meant that...

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 a cost sharing exemption needed? The cost sharing exemption (CSE) has been included in Directive 2006/112/EC (the VAT Directive) since 1977. However, it was only...

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

This Practice Note is about the rules under which HMRC can impose joint and several liability on operators of online marketplaces for VAT that should have been paid by...

Practice Note

Background On 27 June 2016, the Council of the European Union passed specific rules for the value added tax (VAT) treatment of vouchers in the form of Council Directive...

Practice Note

VAT is a self-assessed tax in the sense that VAT registered persons must submit VAT returns and, at the same time, pay any VAT that they owe. In some situations, such as...

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 VAT registration threshold: In response to the OTS’ recommendation that the VAT registration threshold be examined, the government issued a...

Practice Note

Many companies operate in groups, broadly meaning that they are under common economic ownership. The existence of groups of companies is recognised in many different...

Practice Note

A VAT invoice must normally be provided when a VAT registered person supplies goods or services to another VAT registered person. A VAT invoice is a document containing...

Practice Note

This Practice Note considers the VAT treatment of a supply of staff in the course or furtherance of a business. It is important to correctly identify where a supply of...

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 CHANGES: HMRC intends to make wide-ranging changes to the rules on tax penalties, as part of its 'Making Tax Digital' reforms and a wider penalty review....

Practice Note

Where is a supply made for VAT purposes? In order to determine whether a supply is subject to UK VAT or VAT in another jurisdiction it is necessary to consider the place...

Practice Note

VAT is recoverable by a taxable person if it is attributable to taxable supplies made in the course or furtherance of a business. For an explanation of the rules on VAT...

Practice Note

For VAT purposes it is necessary to determine: • first, whether a supply has taken place • second whether the supply is of goods or services, and • third, when the supply...

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

What are management charges? Management charges generally refer to the position where group companies make intra-group supplies of management services and charge for such...

Practice Note

UK VAT is charged on a supply of goods or services made (or treated as made) in the UK at a rate of, usually, 20% of the value of the supply. Although it is the person...

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 capital goods scheme and partial exemption: HMRC launched a call for evidence to explore ways to improve the operation of partial exemption...

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

The term ‘business’ is a concept which underpins the operation of VAT because: • a person is only liable or entitled to register for VAT (ie is a taxable person) if it...

Practice Note
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