VAT

Must goods sold to customers at cost be included in VAT turnover?

APN Business Consultants Ltd (TC4020)

Was a client who was charged VAT on rent wrong to charge the tax on a sub-let?

HMRC are set to change their VAT policy regarding floor space partial exemption special methods.

The move follows the Upper Tribunal’s decision in CRC v Lok’nStore Group plc, which dismissed a Revenue appeal on the grounds the First-tier Tribunal was entitled to conclude that the method used by the taxpayer for calculating deductible VAT on overheads produced a more fair and reasonable result than the standard technique.

The rates for Scotland’s land and buildings transaction tax (LBTT) have been announced.

Details of the tax – the first to be introduced by Scottish parliament in 300 years – were unveiled in Scotland’s draft Budget for 2015/16.

O O’Ryan (TC3956)

CRC v University of Huddersfield Higher Education Corporation, Upper Tribunal (Tax and Chancery Chamber)

CLP Holding Company Ltd v Singh and another, Court of Appeal

Lincoln Smith (TC3949)

Allocating capital allowances between two businesses

Deciding when an incorporated business must leave the VAT flat rate scheme

David Milner t/a Staffcall (TC3856)