VAT and Customs Duties

VAT news and cases roundup: September 2018

HMRC issues guidance on Brexit no-deal HMRC has issued a range of guidance notices informing the public and businesses of the implications of the UK leaving the EU without a formal withdrawal agreement. The government emphasises that this is unlikely given the progress of ongoing discussions. One of the notices concerns VAT implications for businesses. Read more

VAT news and cases roundup: June 2018

VAT news and cases roundup: June 2018

Loan administration services fell within the definition of debt collection services Target Group Limited v Commissioners for Revenue and Customs [2018] UKFTT 226 (TC) was an appeal against a decision by HMRC that loan administration services supplied by the appellant to a UK bank, Shawbrook Bank Limited, were standard-rated supplies for VAT purposes, rather than exempt. Read more

VAT news and cases roundup: May 2018

VAT news and cases roundup: May 2018

Brexit cost for small businesses Following Brexit, the distance sales thresholds will disappear and UK e-retailers could have additional compliance costs. In a survey of 989 small e-retailers the estimated cost per company of new EU VAT registration and returns obligations could amount to €28,568 p.a. for each business. An estimated 27,040 UK small companies. Read more

VAT news and cases roundup: April 2018

VAT news and cases roundup: April 2018

Afro-Caribbean takeaway food was provided hot to the customer Pegasus (Manchester) Limited v Commissioners for Revenue and Customs [2018] UKFTT 126 (TC) was an appeal against a VAT assessment for £117,254 for food sales that had been treated as zero-rated. HMRC argued that the food was served hot and was therefore standard-rated. The appellant was a. Read more

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