Monthly Archives: May 2016

Professional Bodies Pre-Approved for Tax Deduction

Posted on May 26, 2016 by Eamon McNicholas

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 →

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Tax Refunds for Ship / Boat Owners – Norway

Posted on May 19, 2016 by Eamon McNicholas

Tax fans rejoice! Boat / ship owners in Norway will now be able to claim tax refunds through a state aid scheme thanks to approval by the European Free Trade Association Surveillance (EFTA Surv) Authority. Sitting in London, I am … Continue reading →

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Eclipse Case and Recovery of Costs at First-Tier Tax Tribunal

Posted on May 18, 2016 by Eamon McNicholas

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 →

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Transfer of VAT Reclaims by Hospitals

Posted on May 18, 2016 by Eamon McNicholas

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 →

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Customs Tariff for Computers and Software

Posted on May 6, 2016 by Eamon McNicholas

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 →

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VAT Repayments to Sports Clubs and Unjust Enrichment

Posted on May 4, 2016 by Eamon McNicholas

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 →

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VAT on Imports from Abroad

Posted on May 3, 2016 by Eamon McNicholas

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 →

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Norwegian Tax Refunds for Boat / Ship Owners

Posted on May 2, 2016 by Eamon McNicholas

Some more details further to my post yesterday re Norway’s scheme for tax refunds for ship owners. The Norwegian state aid scheme allows ship / boat owners to obtain income tax and social security contribution refunds where payments have been … Continue reading →

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Norwegian Tax Refunds to Boat / Ship Owners

Posted on May 1, 2016 by Eamon McNicholas

I note that a Norwegian state aid scheme which grants tax (not VAT) refunds to boat / ship owners has been approved by the European Free Trade Association Surveillance Authority (EFTA Surv.). Further details, with  analysis of effects in London, … Continue reading →

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