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Monthly Archives: May 2016
Professional Bodies Pre-Approved for Tax Deduction
An updated list of professional bodies or learned societies recognised for income tax deduction has been published by HMRC. Fees or subscriptions can be reclaimed for tax if membership is either obligatory or helpful for doing ones job, but only … Continue reading
Posted in Tax and Accounting News
Tagged 2003, fees, HMRC, income tax, ITEPA, learned societies, professional bodies, s.344, subscriptions, tax deduction
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Eclipse Case and Recovery of Costs at First-Tier Tax Tribunal
The Supreme Court has ruled on the limited scope of costs recovery in the First-Tier Tribunal (FTT) in the tax case of Eclipse Film Partners No.35 LLP v HMRC [2016] UKSC 24, May/16. The FTT had ordered the sharing of … Continue reading
Transfer of VAT Reclaims by Hospitals
NHS Trusts might have their VAT reclaims accepted by HMRC, according to a report by RSM. The claims cover overpaid VAT mainly on take-away food, drugs and prostheses. A sticking point has been HMRC viewing the claims, going back many … Continue reading
Posted in Tax and Accounting News
Tagged care, Goole Hospitals, health, Health Authorities, HMRC, NHS Trusts, reclaims, VAT
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Customs Tariff for Computers and Software
To help with classifying computers and software for import or export HMRC have published a guide on this area, chapters 84 and 85 of the Tariff. The guide gives hints and tips on classification, e.g. HMRC’s view on a computer … Continue reading
Posted in Tax and Accounting News
Tagged 8471, 85, automatic data processing machine, chapter 84, customs, export, HMRC, import, Tarfiff
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VAT Repayments to Sports Clubs and Unjust Enrichment
There is a new HMRC Notice on VAT claims by non-profit making sports clubs. Revenue & Customs Brief 10 of 2016 “VAT- unjust enrichment: non-profit making sports clubs”. This replaces their 25/14 and 19/15. The background is the European Court … Continue reading
Posted in Tax and Accounting News
Tagged Bridport, European Court, golf club, HMRC, non-profit making, sports clubs, unjust enrichment, VAT, West Dorset
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VAT on Imports from Abroad
The importer of goods or services may well have to pay VAT. HMRC have published a guide on this “VAT: imports, acquisitions and purchases from abroad”, including special rules for VAT due on a boat or ship classed as a … Continue reading
Posted in Tax and Accounting News
Tagged abroad, boat, HMRC, imports, NMT, ship, transport, VAT
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