VAT

HMRC have issued Revenue and Customs Brief (RCB) 8 (2015) to expand on their stance on the deduction of VAT on pension fund management costs.

Hurlingham Club (TC4283)

Liability when a company improves a building that it leases

CRC v Colaingrove Ltd, Upper Tribunal

Why VAT is the most important tax for a company to get right

Can a new business be subdivided to mitigate the impact of VAT?

SLL Subsea Engineering Ltd (TC4256)

Bagel Nash Ltd (TC4279)

Has VAT on expenses been wrongly reclaimed, and how should it be repaid?

E-books are subject to VAT at the standard rate, making them distinct from printed titles with their reduced rate provisions, the Court of Justice of the European Union (CJEU) has determined.

The long-running debate on books’ discrepancy of rates between digital and print went before the court as the result of the European Commission’s infraction proceedings against Luxembourg and France for applying sales tax at reduced rates to e-books of 3% and 5.5% respectively.

Governments around the world are increasingly turning to indirect taxation to stimulate their economies, according to EY.

A new report from the accountancy giant shows that the rates of VAT and similar sales taxes have risen year-on-year in the aftermath of the global financial crisis. The average standard rate has climbed in EU member states from 19.5% in 2008 to a high of 21.6%, with even low-rate countries like Luxembourg upping their base.

CJ Palau & RC Loughran (TC4251)