My client is a residential developer and until recently has concentrated on the construction and sale of new build houses.
A retail client recently received a rebate cheque from a supplier, payable as a result of meeting a purchase target.
Today I have read the changes to VAT Notice 703 (s. 2.12) and would be grateful if somebody could clarify that I am understanding correctly as there is some disagreement between my directors.
If a sole trader buys a vehicle classified as a van (e.g.
A Hampshire college is to get a VAT rebate after a tribunal ruled that the food served at its restaurant is exempt from VAT.
The English Bridge Union failed in its bid to reclaim VAT on £631,000 of tournament fees after a lower tier tax tribunal ruled that bridge was a game rather than