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Business Splitting – brief comment

23rd Aug 2013
VAT Consultant vatadvice.org
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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.

Online forums frequently raise this question. It is correctly pointed out that HMRC can only issue a Notice of Direction under VATA 1994, Sch 1 (2) from a current date. However, they can also raise an assessment, arguing that there was only ever one business. I have seen this practice on a number of occasions, and it can, of course, be fatal to a business’ survival.

The good news is that this Appeal was allowed. See http://www.bailii.org/uk/cases/UKFTT/TC/2013/TC02819.html

(Two blog posts in one day!  No, I’m not feeling guilty!)

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By thomas
27th Aug 2013 13:48

Interesting, thanks for the link

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