Entries by SOC VAT Consultants

VAT News in the Budget

Here are the key VAT changes and proposals in the Budget VAT registration and deregistration thresholds – From 1 April 2016 the VAT registration threshold will increase from £82,000 to £83,000 and the deregistration threshold from £80,000 to £81,000. Consultation on penalty for participating in VAT fraud – The government has announced a consultation on […]

VAT Newsletter February 2016

Welcome to the February 2016 Newsletter in its new format on our revamped website. This month we look at cases on VAT claims and the pitfalls of incorrect issue of certificates for VAT reliefs. Upper Tribunal clarifies the basis for valid VAT refund claims The Upper Tribunal has decided two cases which (at least until […]

VAT and cross-border e-commerce

The EU Commission has issued a consultation paper on VAT and cross border e commerce seeking ways to simplify VAT payments on cross-border e-commerce transactions in the EU. This is also part of assessing how the new rules for VAT payments on cross-border telecommunications, broadcasting and electronic services (effective from 1 January 2015) are working […]

Meaning of ‘supplies closely connected to education’

The Court of Appeal has decided to refer the case of HMRC v Brockenhurst College [for a preliminary ruling by the European Court (CJEU). The case relates to the VAT exemption applying to supplies ‘closely related’ to education. The college taught courses in catering, hospitality and performing arts. To enable students to learn practical skills, […]

Sveda and free admission

In recent years HMRC have developed a policy of restricting input tax recovery using a ‘cost component’ approach. Under this policy they have argued that VAT is recoverable on goods and services only if they can be shown to be ‘cost components’ of a taxable supply made, and in addition that for VAT to be […]