Tax

• VAT on Hospital Car Parking and Distortion of Competition – Test Case Ruling

  • Posted26 January 2023

  Should NHS trusts be permitted to provide VAT-free parking to patients, staff and visitors, or would that amount to an impermissible distortion of competition? With around £70 million in tax...

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• Mega Marshmallows VAT Ruling Leaves HMRC with Bitter Taste

  • Posted15 December 2022

  Should jumbo, American-style marshmallows, usually used for roasting over an open fire, be classified as confectionary? By answering ‘no’ to that question, a tribunal left HM Revenue and Customs (HMRC)...

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• Restaurant That Suppressed Cash Sales Hit With Tax and Penalty Demands

  • Posted22 November 2022

  Those involved in the hospitality or retail trade who suppress their cash takings with a view to avoiding tax must live in fear that the next person to walk through...

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• MTIC Fraud – Tax Tribunal Relieves Export Company of £10 Million VAT Bills

  • Posted27 October 2022

  International trading companies are expected to carry out careful due diligence on their clients and suppliers to ensure that they avoid unwitting involvement in tax fraud. However, in relieving a...

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• Business Difficulties? It’s Unwise to Pay Your Other Creditors Before HMRC

  • Posted3 October 2022

  When companies experience cashflow difficulties, stressed directors all too often prioritise trade and other creditors over HM Revenue and Customs (HMRC). As a tax tribunal ruling showed, however, such a...

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• Company Penalised for Filing Tax Returns ‘Too Early’ Wins Appeal

  • Posted23 September 2022

  No one would be surprised to hear that late filing of a tax return is likely to result in a financial penalty – but what if a return is submitted...

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