The director and sole shareholder of two cash-rich limited companies that are VAT registered has suggested that they loan money to a new third company which will buy a residential property to generate rental income
Woking Museum and Arts and Crafts Centre (TC3315)
ATP Pension Service A/S v Skatteministeriet (Case C-464/12)
VAT implications of new planning opportunities for barn conversions
A charity that is not VAT-registered is considering a building project using a VAT-registered trading subsidiary
A retooled notification of vehicle arrivals (NOVA) regime is set to come into effect today (1 April), with changes focusing on notifying HMRC when the intention of the ultimate use of a vehicle is altered after entering the UK.
The NOVA system launched on 15 April 2013 as an anti-fraud measure to tackle the problem of motor vehicles being brought into the county without the payment of VAT.
Today’s revamp is geared to prevent the generation of penalties for late notification.
Bedale Golf Club Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber)
Shop Direct Group v CRC, Court of Appeal
WiltonPark Ltd and others (TC3255)
A recent VAT decision could create uncertainty for charities’ grant income
A previously VAT-registered client bought a derelict commercial property and converted it into four flats and a shop, all of which will be let out
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