VAT

Hurndalls (TC3533)

Distributing income and charging VAT on profits from a property development

To what extent can input tax be recovered on building renovation costs?

Renewable heat incentive payments and taking them into account for tax purposes

A mouthwatering judgment served by the Court of Appeal in a case concerning hot sandwiches

Problems posed by new EU VAT rules on UK suppliers of digital services

RF Lafferty, SC Lafferty (TC3493)

Possibility of unjust enrichment follows West Bridport ruling

Tax issues to consider on the incorporation of a general partnership

A VAT-registered UK business purchased software which it downloaded from the internet. The vendor located elsewhere in the EU has charged VAT

A reverse charge accounting mechanism, known as a domestic reverse charge, for wholesale supplies of gas and electricity is to be introduced in the UK next month.

The charge means taxpayers receiving wholesale supplies of gas or electricity must account on their VAT returns for the tax due – which can be deducted as input tax, meaning no net tax is payable to HMRC, subject to the normal rules for reclaiming VAT.

Rockwell Management Ltd (TC3597)