VAT

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Image for hmrc sees ps700m rise inheritance tax take

Tax | HMRC sees £700m rise in inheritance tax take

In this month’s tax receipts, inheritance tax (IHT) has increased by £700m with HMRC collecting a total of £3.1bn in six months compared with £2.4bn for the same period last year

21 Oct 2021

Tax | Q&A: is VAT payable on cross charges between companies?

In our regular Q&A series, Croner Taxwise VAT adviser Paul Knott, considers whether VAT is payable on cross charges between group companies

19 Oct 2021

Tax

VAT

Image for qa vat reclaims and electric cars

Tax | Q&A: VAT reclaims and electric cars

In our regular Q&A, David Smith, VAT adviser at Croner Taxwise, considers whether VAT can be reclaimed on purchases of electric cars

12 Oct 2021

Tax

VAT

Tax Compliance

Image for hmrc clarifies self supply charge vat rules

Tax | HMRC clarifies self-supply charge VAT rules

HMRC has revised the meaning of ‘entire interest’ for the purposes of the self-supply charge following the ruling in the Balhousie case at the Supreme Court, which could be a welcome clarification for charities

7 Oct 2021

Tax | VAT updates: October 2021

In this month’s VAT updates, Graham Elliott considers the VAT treatment on covid tests, the Upper Tribunal decision in Babylon Farm and VAT terminology in GB Fleet Hire

1 Oct 2021

Tax

VAT

Image for essar oil talks hmrc extend ps770m vat deadline

Tax | Essar Oil in talks with HMRC to extend £770m VAT deadline

Essar Oil has confirmed that it is in talks with HMRC to extend its time-to-pay (TTP) arrangement in order to pay off its £770m VAT tax bill from April 2021

28 Sep 2021

Tax | Q&A: VAT liability and EU reclaims

In this week’s Q&A, Vivienne Scott, senior VAT consultant at Croner Taxwise, examines the VAT liability when looking at claims when products are sourced in the EU

28 Sep 2021

Tax

VAT

Tax Compliance

Image for hmrc clarifies rules vat one stop shop returns

Tax | HMRC clarifies rules on VAT One Stop Shop returns

HMRC has issued detailed guidance on EU VAT payments and compliance with the One Stop Shop (OSS) returns process, which comes into effect from 1 October

21 Sep 2021

Tax

VAT

Tax Compliance

Image for tax take increases ps847bn pandemic recedes

Tax | Tax take increases £84.7bn as pandemic recedes

Between April and August 2021 HMRC collected £280.4bn worth of tax which is £84.7bn more than this period last year as the economy began to recover post pandemic

21 Sep 2021

Tax | Q&A: reduced rate of VAT set to change

In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain reviews changes to the temporary reduced rate of VAT for supplies of catering, holiday accommodation and admissions to attractions from 1 October

21 Sep 2021

Tax | Court dismisses £3.5m Toys R Us VAT claim

The court has dismissed an appeal against a refusal by HMRC to pay a £3.5m repayment supplement where the right to a VAT credit was assigned to a third party involving former Toys R Us shops

15 Sep 2021

Tax

VAT

Case Reports

Image for motoring expenses part 1 recovering vat car purchases

Tax | Motoring expenses part 1 – recovering VAT on car purchases

Company car purchases fall under specific VAT rules which determine whether the liability can be reclaimed and strict business use only limits. Sarah Kay, technical writer, Croner-i explains the rules

15 Sep 2021

Tax | HMRC secures rare 100% success rate in court cases

In the last three months HMRC has won 100% of its criminal cases which is up from an overall 88% success rate for 2019-20

6 Sep 2021

Tax | Judicial review rejected in £1.8m loan charge repayment case

The High Court has dismissed to grant a judicial review of a decision by HMRC to refuse to give a taxpayer assurance that he would not be taxed if he ‘rescinded’ repayments of loans to an Employee Benefit Trust (EBT)

2 Sep 2021

Tax

VAT

Case Reports