VAT

Go to page of 149

Reduced rate of VAT on certain mobility aids

Newcastle United plc v CRC

Spearmint Rhino Ventures (UK) Ltd v CRC

HMRC advisory fuel rates for company cars

The Budget 2007 changes may put disincorporation on the agenda for many small businesses, warns PETER RAYNEY

There's no business like VAT business says MIKE THEXTON MA, FCA, CTA as he considers the plotlines relating to VAT, charities and land.

The Chancellor has responsed to a question on HMRC's performance in repaying VAT to claimants where claims are properly claimed and payments are properly payable.

ANDREW WATTERS considers the implications of a recent decision which may enhance HMRC's power in negligence cases.

Greta Garbo moment
HMRC say that there are delays with the processing of both online and paper VAT registration applications. They are taking steps to improve the situation but have asked that taxpayers 'please try to avoid contacting us to see how your application is progressing as this may further extend processing times'.

Disclosed schemes

When asked about the number of direct tax schemes notified under the disclosure of tax schemes regime, John Healey said that for the period to 31 March 2007 over 1,450 direct tax schemes (income tax, corporation tax, capital gains tax and stamp duty land tax) and over 800 VAT schemes had been disclosed.
Hansard, 13 June 2007, vol 461, no 104, col 1124W

Drama VAT

Late payment

In August 2006, HMRC invited taxpayers to submit claims for VAT overpaid prior to1997; see Business Brief 13/06. This was on the basis that, in Michael Fleming (trading as Bodycraft) v CRC (Condé Nast Publications Ltd intervening) [2006] STC 864, the Court of Appeal ruled that the three-year limitation period for claims of overpaid VAT was not introduced lawfully as there was no adequate period for transition. As a consequence, traders' claims that were previously rejected by HMRC for being out of time could now be submitted to HMRC for repayment.

Show

Results

Go to page of 149