VAT Archives - Page 16 of 18 - Whitefield Tax - Isle of Wight Accountants

VAT: partial exemption method using floor space

by Jessica Garbett | Feb 10, 2015 | ACCA, VAT

HMRC has issued Revenue & Customs Brief 35/2014: Lok.nStore Group PLC (LnS) decision on calculating deductible VAT. The decision was focused on the use of the Partial Exemption Special Method (PESM) and how fair and reasonable it was when compared to the standard...

VAT: businesses supplying digital services to private consumers

by Jessica Garbett | Feb 5, 2015 | ACCA, VAT

New guidance covering the recent changes to the place of supply of digital services from 1 January 2015 is available from the GOV.UK website. The services covered by the changes are digital services otherwise known as broadcasting, telecommunications and electronic...

MOSS comes in from 1 January 2015 – business to consumer supplies in EU

by Jessica Garbett | Dec 11, 2014 | ACCA, business taxation, VAT

The EU place of supply VAT rules will change from 1 January 2015. The changes impact on business to customer (B2C) supplies including e-services. From 1 January 2015, the place of taxation for certain supplies will be determined by the location of the customer. To...

Could the VAT treatment of financial services be significantly widened?

by Jessica Garbett | Nov 24, 2014 | ACCA, VAT

ECJ ruling could have major impact on the treatment of VAT The Court of Justice of the European Union (ECJ) has issued a ruling on Skandia America Corporation that will have a wider impact within the European Union (EU). In its simplest interpretations, this case has...

VAT changes around the EU

by Jessica Garbett | Oct 25, 2014 | ACCA, VAT

The latest changes to VAT rates from countries within the European Union. Denmark From 1 January 2015 the Danish authorities will allow companies 100% input VAT recovery on hotel accommodation costs. This applies uniformly to resident and non-resident companies as...

Do I need a receipt?

by Jessica Garbett | Oct 13, 2014 | business taxation, VAT

A query from a client, “Do I need a receipt for a payment by contactless card, eg a travel ticket?” To clear up a myth, you don’t need recipts to claim an expense. However you should have evidence of that expense. Obviously recipts are good evidence,...

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VAT: partial exemption method using floor space

VAT: businesses supplying digital services to private consumers

MOSS comes in from 1 January 2015 – business to consumer supplies in EU

Could the VAT treatment of financial services be significantly widened?

VAT changes around the EU

Do I need a receipt?

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