Business

HMRC are taking part in a European Union (EU) trial of VAT ruling requests for complex cross-border situations.

Under the test scheme – which is set to run until 31 December – a firm registered for VAT in the UK and planning cross-border transactions to one or more participating member states can ask the Revenue for a ruling.

Yellow Crown Ltd (TC2915)

The Italian government announced a purse of €1bn to be spent on VAT repayments to large businesses. The move comes in response to infraction proceedings by European Commission for Italy’s failure to issue rebates due within reasonable time limits imposed by European law.

Firms owed VAT repayments from Italy should now expect to receive the funds, according to KPMG.

HMRC might find Cotter is not the success they think it is

D Kishore (TC2855)

“Government needs to take measures to help rest of UK”

Resubmitted return was not relevant to calculation of tax

By Ray Chidell and Lindsay Pentelow; paperback; 480 pages; £78.50; Claritax Books

HMRC are to once again revamp their business records check (BRC) programme, putting greater emphasis on educating taxpayers.

HMRC’s supposed abolition of the renewals basis concession is nothing of the sort

D Munden (TC2821)

D Thomson (TC2858)