Lennartz
In the 2007 Budget, three measures were announced concerning the VAT treatment of assets to be used partly for non-business purposes, see Budget Note 56 on www.hmrc.gov.uk. The note confirms that the 'Lennartz accounting' regulations, which were due to come into force on 1 September 2007, will now come into force on 1 November.
VAT and home PCs
HMRC have published their revised policy on the VAT treatment of computers made available by employers for use in their employees' homes, following the withdrawal of the tax exemption which allowed employers to loan computer equipment to their employees tax free in April 2006.
Last resort
The taxpayers exported mobile telephones. HMRC decided that the taxpayers were not entitled to claim input tax repayments in respect of various transactions, on the basis that they were part of a carousel fraud of which the taxpayers were aware.
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