VAT

HMRC policy on 'Lennartz' accounting to be amended

A case heard by the ECJ in 2009, Vereniging Noordelijke Land-en Tuinbouw Organisatie v Staatssecretaris van Financien (C-515/07), has shown that up until now, HMRC have allowed a much wider application of ‘Lennartz’ accounting than should be the case under EU law.

Tax date likely to see increase in deferred payment requests

The government’s scheme to help businesses that are struggling to pay their tax bills could see a rise in requests to delay payments as the self-assessment date approaches.

Some Royal Mail services to be subject to standard rate of VAT

An interesting, albeit minor, change to the treatment of postal services was announced towards the end of 2009, although it has not as yet been implemented.

New VAT rules could be a burden for some UK firms

A major change to the way that VAT is charged across the EU could impose extra admin costs on UK firms.

Tax rises 'dampen' consumer optimism

Prospective tax rises and the return of VAT to the old rate of 17.5 per cent may have had an adverse effect on consumer confidence.

Syndicate content