Category Archives: Tax and Accounting News

Tax & Boats: Greek Tonnage Tax

“Tax and boats” has always been a hot topic for me. So, the EU is considering dallying with the Greek tonnage tax ….. watch this space, tax fans! Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com Advertisements

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VAT Notice 702: imports

I have been asked about VAT Notice 702: imports. HMRC recommend that “this notice should be read by anyone importing goods into the UK from outside the fiscal (VAT) territory of the EU. You can find out the extent of … Continue reading

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EU Court rules in favour of UK farmers

Good news for UK farmers who have been incorrectly removed from the agricultural flat-rate scheme (ARFS) and may be entitled to a VAT repayment or compensation, explained neatly here on the FarmingUK website. https://www.farminguk.com/news/European-VAT-Court-rules-in-favour-of-UK-farmers_47688.html Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.comContinue reading

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EU-New Zealand Treaty Talks in Trouble Before They Start

The EU hopes to start talks on a trade deal with New Zealand this year, the EU Commission announced this week, but adding only after all the preparatory work was complete. The problem the EU has is that on past … Continue reading

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VAT and affiliation fees for sports clubs – Notice 701/45

HMRC has given notice of the withdrawal of its extra statutory concession (ESC) on VAT and affiliation fees for sports clubs, currently published as paragraph 3.6.2 of VAT Notice 701/45. “A sport’s governing body, or similar umbrella organisation, often charges … Continue reading

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Tax-Deductible Professional Bodies and Societies

An updated list of professional bodies, and learned societies, whose subscriptions HMRC has approved for tax deduction has been published. But for tax deduction the subscription has to be necessary or helpful to a taxpayer doing their work and paid … Continue reading

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NAO Queries HMRC Estate Plan

  The National Audit Office (NAO) in a report has queried HMRC’s handling of it changing its estate from 170 local offices to just 13 regional centres (plus four specialist sites and a London HQ). Particular problems identified were HMRC’s … Continue reading

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