Expert Legal Insights / VAT and Indirect Tax

Snapshot of October’s key UK corporate tax developments from BLP’s tax team.

This edition has a strong international flavour, with publication of the final reports of the OECD’s BEPS project and the State aid decisions in relation to Fiat and Starbucks.

The impact of BEPS can also been seen in the proposed changes to the UK’s patent box regime, the details of which have been published for consultation.

The EU theme continues in the guidance on the VAT treatment of services relating to land and measures to counter the “windfall” benefit of that interest that HMRC must pay on successful restitution claims resulting from the UK tax rules being found to breach EU law.

HMRC may have more disputes on its hands after a tax tribunal decision that widens the scope for appealing certain HMRC decisions.

The ongoing saga of what happens to VAT reclaim rights when a company leaves a VAT group continues. And another tax saga nears conclusion with HMRC’s successful appeal in the Rangers EBT case.

Click below to read more about all of these developments.

The Queen’s Speech sets out the government’s agenda for the coming season, outlining the policies and legislation.  In this article, I review what the Queen’s Speech means for tax practitioners and specifically focus on the following questions: Which Bills announced in the Queen’s Speech will have a tax impact? Are there any items that you […]

HMRC has publishes a brief in response to the CJEU decision in Skandia (which said VAT should be charged on supplies from a US company to its Swedish branch). HMRC is still considering whether the UK needs to amend its VAT grouping rules. In the meantime it says businesses should continue to follow existing guidance. However, it might still be a good idea to VAT group a UK branch if you can. Keep reading to find out why.

This article is a guide for US businesses in relation to VAT issues in the UK.

In essence, value added tax (“VAT”) is a tax on personal consumption or use of goods and services. Businesses charge VAT when supplying their goods or services to individuals who bear the cost of the VAT charge; thus these individuals are taxed on their consumption of those goods and services as measured by their expenditure. The business, having collected the VAT from the customer, will then pay that VAT over to the tax authority.

In the 2012 Autumn Statement, the Chancellor of the Exchequer confirmed plans (first announced in September 2012) to use of the public procurement process to deter tax avoidance and evasion. A discussion document and draft guidance for consultation followed in February 2013 and on 20 March 2013, in the 2013 Budget report, the government confirmed that the new policy would be introduced from 1 April 2013.

This site uses cookies to help us improve your browsing experience. For further information or to change your cookie settings, view our privacy policy.