Including VAT Chatter Newsletter
Although the decision of the First tier Tribunal in this case (Loughborough Students Union & Ors v HMRC  UKFTT 357 (TC)) seems to relate to the specific world of students unions, and was decided very much on the facts pertaining to such an establishment, nevertheless some general points for the wider charitable world appear to emerge and can be used with caution.
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A recent tribunal case illustrates the circularity in the operation of the anti-avoidance in Sch 10 which restricts the option to tax a property. The rules should be abolished.
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HMRC seeks surrealist escape from its everyday worries.
Given the uncontested view that HMRC faces huge burdens, occasioned by Brexit, making tax digital and other ‘flagship’ projects, one can be forgiven for expecting HMRC to withdraw from all but the most necessary effort in protecting the tax base. But any faith I may have had in that view was torpedoed by reading HMRC’s Upper Tribunal appeal against Summit Electrical Installations  UKUT 176.
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The topic of VAT registration may seem very straightforward, but in reality it can be contentious and difficult.
This concise book (click on link below) deserves a place on the shelf of every business tax adviser. In offering an array of practical advice in relation to VAT registration issues as such, the book also covers a range of related VAT topics, and will quickly earn its keep by saving research time and helping to avoid VAT pitfalls.
Topics covered include registration criteria; pros and cons of voluntary registration; supplies, including hidden supplies; “business” and “economic activity”; agent or principal, profit or consideration; business fragmentation, groups; de-registering; penalties and paperwork. This new edition also includes a chapter on the flat rate scheme (as significantly amended in 2017).
“An excellent, practical summary of VAT registration issues.” – AccountingWeb review of first edition
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