BB/4B/06 VAT—off-street car parking provided by local authoritiesBusiness Brief, Issue 4. 24 March 2006The VAT and Duties Tribunal has decided that the Isle of Wight Council and three other local authorities do not have to charge VAT on car parking in their areas. This Business Brief article explains action that HM Revenue and Customs (HMRC) will be taking pending an appeal.BackgroundUnder art 4(5) of the EC Sixth VAT Directive, activities of public bodies are not regarded as being carried on by way of business for VAT purposes, if they do so under a statutory regime that is unique to the public sector (“special legal regime”), unless this would significantly distort
Business Brief, Issue 4. 24 March 2006
The VAT and Duties Tribunal has decided that the Isle of Wight Council and three other local authorities do not have to charge VAT on car parking in their areas. This Business Brief article explains action that HM Revenue and Customs (HMRC) will be taking pending an appeal.
Under art 4(5) of the EC Sixth VAT Directive, activities of public bodies are not regarded as being carried on by way of business for VAT purposes, if they do so under a statutory regime that is unique to the public sector (“special legal regime”), unless this would significantly distort
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