Coca Cola - When is a van, not a van?
Following HM Revenue & Customs (HMRC) victory in the Court of Appeal over drinks giants Coca Cola, the classification of van for tax purposes is thrown into yet more turmoil.
VAT alert - Compensation vs Consideration for a supply
Previously, HMRC guidance stated that when customers are charged early termination fees to withdraw from contracts, or payments are required for breach of contract, then these charges are not generally relating to a supply and are outside the scope of VAT.
Introduction to active and passive investment management
A tracker fund is a simple way of investing your money in company shares, bonds, and other assets.
VAT Alert - Vehicle purchases
Many businesses purchase vehicles to support their day-to-day operations. Whilst it may be assumed that, as a vehicle is being acquired by a business to support their activities, the VAT incurred on the purchase costs would be recoverable, this is often not the case.
Change to partial exemption VAT treatment
The CJEU has considered a VAT case concerning the recovery of overhead VAT costs for a partially exempt business who supplied goods by way of hire purchase (the taxable supply) and the supply of credit (the exempt supply).
VAT alert: Domestic reverse charge on building and construction services
If your VAT-registered business provides construction services to another business you will no longer need to charge them VAT.
Have you checked that your NHS Pension record is up to date and accurate?
The NHS Pension scheme is considered one of the most generous in the UK and is a substantial benefit for its members.
VAT alert - Digital publications
A recent Upper Tier Tribunal case has resulted in digital newspapers being judged the same as hard copy printed newspapers and therefore zero rated. Prior to the case, digital publications were seen by HMRC as standard rated.