Monthly Archives: July 2015

VAT Exempt Dental Supplies by a Company

The VAT exempt status of dental supplies does not depend on the kind of supplier. So held the FTT Tax Tribunal in City Fresh Services Ltd and the Commissioners for Her Majesty’s Revenue and Customs, TC/2014/04019, July/15. In that case … Continue reading

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Tax Credit Changes – Spot the Difference

As a tax barrister I am still amazed at how laws get made. One of the Opposition parties has accused the Government of pushing through changes to HMRC tax credits without proper scrutiny. So no change there then, business as … Continue reading

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VAT Abuse vs. Planning – Finding the Line in Pendragon Case

VAT Abuse vs. Planning – Finding the Line in Pendragon CaseThe Supreme Court judgment in the recent Pendragon VAT abuse of rights case is welcome, but finding the line between abuse and legitimate tax planning seems no easier. With hindsight … Continue reading

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Progress of Finance Bill 2015

The Finance Bill 2015 is working its way through Parliament. It got to second reading before the summer recess and will start on the committee stage in early September. The income tax lock and VAT lock, as they are called, … Continue reading

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Construction Industry Scheme Booklet CIS340

HMRC have published Construction Industry Scheme (CIS) Booklet CIS340 (June 2015 edition). It is a helpful overall guide explaining HMRC’s view of the tax and compliance duties on contractors and sub-contractors in the CIS. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Greek Bailout and Shipping Tonnage Tax

Following the Greek € Euro bailout, and measures to increase tax, there are reports of Greek shipping companies showing an interest in Cyprus. Greece is a leading, and ancient, shipping nation and the Greek tonnage tax on ships is said … Continue reading

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EU Suffers Anti-Dumping Investigation into Rolled Steel by China

China has announced an anti-dumping investigations into imports of rolled steel from the EU and other countries. Whether this is in retaliation for EU anti-dumping duties, tax, on Chinese steel is unclear. What is plain, however, is that the EU … Continue reading

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