Monthly Archives: April 2014

Coffee Chains, Tax and Customer Reaction

Non-EU internet companies and coffee chains making money out of the UK but not paying UK tax if they can legally avoid it – just keeps rumbling on. The latest twist I’ve seen is a customer returning their loyalty card … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

Singapore Taxpayers File Tax Returns Earlier

Tax fans should be applauding the good citizens of Singapore. I hear that the Inland Revenue Authority of Singapore, IRAS, is thrilled that 75% of taxpayers, that is, 4% more than last year, filed their tax returns by 1st April. … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

Charity Donations and VAT – Lesson 1

As a tax barrister, people frequently ask me about VAT and charities. So, charity and tax fans please take note of this, from HMRC, the deceptively simple starting point for the complex issue of VAT and charities. A freely given … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , , , , , , | Leave a comment

French HGV Tax to Target “Foreign” Vehicles

So Ségolène Royal (France’s Ecology Minister) is thinking of a “levy” (tax fans will know what that euphemism means) on foreign (i.e. not French) trucks using France’s road network. I am inclined to agree with The National Federation of Transport … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , | Leave a comment

China Improves Tax Breaks for Small Enterprises

China’s MoF (Ministry of Finance) has agreed that small and micro sized enterprises will be defined as having incomes up to RMB100,000 with effect from 1/Jan/14, up from the previous limit of RMB60,000. Such enterprises will now be able to … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , | Leave a comment

HMRC’s policy on laboratory pathology services

I have been asked about pathology services and VAT recently. HMRC’s Brief 16/13 VAT gives clarification of their policy on VAT exempt laboratory pathology services provided by state-regulated institutions and this Brief can be found on their website. Eamon McNicholas … Continue reading

Posted in Tax and Accounting News | Tagged , , , | Leave a comment

Roald Dahl Museum (Part) Beats the Taxman

The Roald Dahl Museum and Story Centre has partly beaten the taxman in an appeal on VAT recovery. In the case decided last month, reported as [2014] UKFTT 398, one of the big issues was recovering residual VAT for producing … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

Tax Reliefs Not Being Monitored by HMRC

The Public Accounts Committee of Parliament was shocked this week to learn HMRC had no systematic method for monitoring tax reliefs. This after the National Audit Office has reported over 1,100 separate reliefs worth £100 billion a year. To be … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , , | Leave a comment

Withdrawal of VAT Concession on Construction of Student Accommodation

HMRC in Brief 14/14 have announced new transitional rules on the withdrawal of a VAT concession for construction of new student accommodation and dining halls. The concession, to be withdrawn from April 2015, allows the ignoring of vacation use when … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

HMRC Website Maintenance Downtime

HMRC’s website is undergoing maintenance this weekend and parts may be down from Friday 4th to Sunday 6th. Not everything is impacted and for some of those services that are, even then the main effect will be a delay in … Continue reading

Posted in Tax and Accounting News | Tagged , , , | Leave a comment