Tax

• Supplies of Land v Supplies of Services – Tax Tribunal Draws the Distinction

  • Posted1 August 2023

  The difference between a supply of services and facilities and a supply relating to an interest in land is important because only the latter is exempt from VAT. A tax...

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• Is Posting on Social Media ‘Work’? Guideline Furlough Ruling

  • Posted13 July 2023

  Making posts on social media for marketing purposes may not yield an immediate financial reward, but it is nevertheless ‘work’. A tax tribunal made that point in finding that a...

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• Workaholic Director’s Careless Approach to VAT Liabilities ‘Not Dishonest’

  • Posted22 June 2023

  Workaholic directors who are not good at delegating may take a slapdash approach to paperwork – but that does not make them dishonest. The First-tier Tribunal (FTT) succinctly made that...

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• Reclaiming VAT on Company Cars – It’s Certainly Not Easy

  • Posted30 May 2023

  When companies purchase a vehicle, they can reclaim VAT on the transaction only if they can show that they have no intention of making it available for private use. As...

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• Company Director Relieved of Six-Figure VAT Returns Inaccuracy Penalty

  • Posted27 April 2023

  Directors whose companies fail to make accurate VAT returns can expect to receive stiff financial penalties – but only if such failures are deliberate. In a guideline case, a tax...

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• Businessman Establishes a ‘Reasonable Excuse’ for Delaying VAT Payments

  • Posted30 March 2023

  Traders who choose to put tax at the bottom of their payment priorities are asking for trouble. However, in one case, a businessman persuaded a tax tribunal that he acted...

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