Monthly Archives: April 2015

Update to Claiming VAT Back on DIY Self-Build New Homes

HMRC have published an updated form VAT431NB, April 2015 edition, for claiming back a VAT refund as a DIY or self-build house builder of a new home. There are detailed rules, in VAT Act 1994  s.35 and regulations, on what … Continue reading

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Yet More Election Tax Promises

Another day, another tax promise. As a tax barrister I see the supposed tax promises being made by the two biggest British parties more as spin to grab headlines, but meaning nothing. The Tories are promising a tax lock by … Continue reading

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VAT Registration Limit up to £82,000

The Statutory Instrument, SI, introducing the higher VAT registration thresholds came into force on 1st April. The Value Added Tax (Increase of Registration Limits) Order 2015, SI 2015/750, raised the annual registration limit in the VAT Act 1994 schedule 1 … Continue reading

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VAT MOSS Burden

The VAT and mini one-stop shop (MOSS) system is four months old and it is reported 350,000 UK business have been impacted by the tax rules, against a HMRC estimate of just 5,000. The administrative burden throughout the Europe has … Continue reading

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HMRC Guidance on Non-Statutory Clearance

HMRC this month published guidance on their non-statutory tax clearance service or system. The guidance points out it only operates where a more appropriate, or statutory route is not applicable and is subject to a lot of checks and get-out … Continue reading

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VAT and Boats – Zero-rating Passenger Transport

An issue that often crops up with zero-rating passenger transport in a boat, vehicle or aircraft for 10 or more people is how that is determined. VAT Act 1994 schedule 8 group 8 item 4 speaks about something that has … Continue reading

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VAT on Credit and Debit Card Handling Referred to Europe

The First-Tier Tribunal case of Bookit Ltd was referred up to the European Court for guidance about VAT on credit and debit cards handling services, and is now working its way through the system there. The case, ECJ reference C-607/14, … Continue reading

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