A European Court decision has been decided, and remains somewhat ‘under the radar.’ This concerns the VAT treatment of an individual generating electricity and then selling it onto the national grid.
this blog raises and addresses VAT issues.
I work with Accountants, Charities, and SMEs, providing VAT support. I come across a wide variety of interesting people, and a wide variety of VAT issues. Some of them will find their way to this blog.
And, I play guitar, but you probably guessed that!
I am seeing that HMRC Officers routinely check the operation of the Bad Debt Relief rules. In recent months, I have come across a number of businesses who have been assessed for errors made.
The First-Tier Tribunal has decided a significant case which will affect many plumbers and heating engineers. It was a test case concerning the use of the VAT optimiser software, which is widely used by plumbers.
With the change of Tribunal rules a few years ago, the automatic right to costs in the event of a successful Appeal was abolished.
The Tribunal has released its decision in the case of Rapid Sequence Ltd (http://www.bailii.org/uk/cases/UKFTT/TC/2013/TC02826.html).
Business splitting is a perennial issue. In this issue, readers might be interested in a recent Tribunal case where HMRC simply back-dated an assessment on the basis that there was a single business.
A longer break than usual between blog posts – a lovely holiday in Ireland, followed by a particularly busy summer. Hopefully I will be doing some more writing again soon!
With the demise of the zero rate provisions for Approved Alterations to Listed Buildings, many property owners and developers have been looking to the option of undertaking reduced rate works to properties.
Summer is on the way! (This is not a discussion about the weather!)
FA 2007, Sch 24, para 11 provides that HMRC may reduce a penalty in the event of special circumstances.