Article Database

Search results: 9 article(s) found in year 5, issue 3

FINANCIAL SERVICES

European ruling could cost millions

A European ruling looks set to slap an additional tax burden on financial services businesses. This could have a particular impact in the UK. What’s the story? More...

PROPERTY

Build a house, then live in it

What’s the VAT recovery position when you start a building project and then decide to live in the property yourself? What will HMRC allow and will you need to join a scheme? More...

MONEY LAUNDERING

If a client is less than clean, do you have to tell?

Let’s suppose that a client has given you a very strong signal that he’s been involved in some form of deliberate tax evasion. Naturally, he’s said nothing to HMRC. But should you? More...

OUTPUT VAT - PARKING FINES

Any VAT on parking penalties?

Like most employers, your staff out on the road pick up parking fines from time to time. The VAT position of these fines has caused confusion over the last few years but seems to have finally been decided. What’s the story? More...

PROPERTY

How to revoke an option to tax

It’s not unusual for a business to purchase a building, opt to tax it and then decide that this was the wrong thing to do. Once you’ve opted to tax can you subsequently get out of it? More...

OUTPUT VAT - PAWNED GOODS

VAT due on pawned goods?

The market for pawned goods has increased greatly over the last few years with many jewellers and other businesses now operating in the sector, not just traditional pawnbrokers. What are the VAT consequences? More...

VAT CASES

Zipvit Ltd v Revenue & Customs [2014] UKFTT 649 (TC). Postage costs

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