The expected time for HMRC to respond to applications for deregistration and group registration has been extended to 40 working days.
VAT Cases & News
Summaries of interesting VAT cases for the SME owner.
In Nottingham Forest Football Club Limited v HMRC [2024] UKUT 00145, the Upper Tribunal (UT) found that a VAT assessment for VAT errors arising from a change in its accounting system was made by HMRC was made 'in time'. The club had failed to show otherwise and lost its appeal as a result.
A company could not recover input VAT incurred in connection with selling shares in its subsidiary. There was a direct and immediate link with an exempt supply.
HMRC have published 'Revenue and Customs Brief 7 (2024): VAT Treatment of Voluntary Carbon Credits' which covers the treatment of voluntary carbon credits from 1 September 2024.
The First Tier Tribunal (FTT) has found that a company letting apartments as short-term serviced accommodation was subject to VAT. The accommodation was being let in an establishment similar to a hotel.
Purchase invoices describing a supply simply as ‘building works’, along with giving the site address, provided sufficient detail to comply with the VAT regulations and allow input VAT recovery.
HMRC have published Revenue and Customs Brief 5 (2024): 'Tour Operators' Margin Scheme (TOMS) for business-to-business (B2B) wholesale supplies' and confirm these supplies are within the scope of the TOMS.
- Revenue and Customs Brief 4 (2024): Interpretation of VAT and excise law from 1 January 2024
- VAT due on services invoiced after supplier left group
- Grant funded education is an economic activity
- Nakd and Organix bars standard-rated for VAT
- R & C Brief 1 (2024): Live web streaming of funeral services
- Sports nutrition bars were VAT standard-rated