Sarah Kay, tax writer at Croner-i, reviews the new scheme for claiming bad debt relief on VAT declarations and highlights why the ‘old’ scheme continues to be considered by the courts
The First Tier Tribunal ruled against HMRC and in favour of Rank Group plc on its claim to be refunded an estimated £80m of VAT paid on slot machine income between 2006 and 2013
A company director has been sentenced to eight months’ imprisonment, suspended for 12 months, and has been disqualified as a director for four years over a £3.3m fraudulent VAT reclaim
Two thirds of drivers say that scrapping VAT from the purchase price would be the most influential policy to help drivers buy an electric vehicle, finds a survey by motoring organisation AA
In our regular Q&A series, Croner Taxwise VAT advisor Arti Sonpal explains the compliance issues for exporters including the EU’s Import One Stop Shop (IOSS) scheme
In this month’s VAT updates, Graham Elliott, explains the latest policy clarification on zero rating for foods, mixed messages over supply of electricity at charging points for electric cars and Poundland win over retail scheme dispute
HMRC has won an appeal to the Upper Tribunal (UT) against the First Tier Tribunals’ decision that HMRC was not entitled to deny or restrict, Hi-Octane Import's input tax credit claim of over £79k in respect of any purchases from Q Autos Limited (QAL)
The high street retailer Poundland has won a £2.15m VAT case against HMRC regarding a stock adjustment dispute on the group’s switch from its old bespoke retail scheme
It looks like there is a light at the end of the tunnel as HMRC publishes the latest tax receipt figures for April 2021 to May 2021 totalling £106.8bn, which is £45.4bn higher than in the same period last year
The Court of Appeal has ruled that London's Royal Opera House could not include sales of catered food and drinks when deducting £532,000 in input VAT because they were not tied to production costs
