VAT

By Martin Kaney; £49.95

Ebooks are area of particular interest

A client is having a garage and a store built at his home for his personal use. Quotes of between £50,000 and £60,000 have been received but, apparently, there will be no VAT liability

Benridge Care Homes Ltd and others v CRC, Upper Tribunal (Tax and Chancery Chamber)

An IT manager set up his own business as a consultant and registered for VAT and the flat rate of 13.5% for that sector. This aspect of his work did not develop, but computer repair work did and after his first year he is now using the 10.5% rate for that activity

Two years ago, a sole trader property development consultant advised on the sale of land for redevelopment to a client and was paid his full fee for this. The landowner has now sold the property for a considerable sum and consideration is given to whether an unexpected success fee paid to the adviser is taxable

Field Fisher Waterhouse LLP v CRC (C-392/11), European Court of Justice

M Khagram (TC2171)

A husband and wife carry on their separate, unrelated businesses from their home. The wife’s business is VAT registered, but with no income tax liability, while the husband is not VAT registered, but is liable to income tax. Can the benefit of a VAT reclaim and capital allowances be split between them in the most beneficial way?

Four new entries

New institutions and corrections to details of existing entries

CRC v GMAC UK plc; British Telecommunications plc v CRC, Upper Tribunal (Tax and Chancery Chamber)