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VAT

Complicated tax rules 'stifle' business growth

Three out of four small firms would be better placed to develop their businesses if the tax regime were simpler, a new survey has claimed.

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Revenue and Customs briefs from 2007 and 2008 re-issued

On 12 January 2010, HMRC saw fit to re-issue a number of Revenue & Customs Briefs originally issued in 2007 and 2008.

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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.

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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.

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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.

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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.

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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.

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Online shopping receives tax boost

Shoppers in the UK who buy goods on the internet from countries outside the EU can now spend more without being liable to customs duty.

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New EU VAT rules could add to admin burden

UK firms could face additional administrative costs as a result of changes to the EU’s VAT rules.

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VAT rate change 'creates' consumer rush

The post-Christmas surge in shopper activity should not be mistaken for a return to consumer confidence, a research group has warned.

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