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Condé Nast/Fleming claims |
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Just a quick reminder that all claims for input tax not recovered or output tax overpaid anytime before 1 May 1997 and 4 December 1996 respectively, known as Condé Nast/Fleming claims, must be received by HM Revenue and Customs by 31 March 2009.
If you require any assistance with either identifying, quantifying or submitting claims please contact BTG VATease at the earliest opportunity.
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VAT reclaim - expenditure on business entertainment provided to overseas clients |
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Following the Danfoss/Astra Zeneca decision in the European Court, HMRC have issued a press release inviting claims for VAT incurred entertaining overseas clients whilst they review the implications of the decision.
Claims for VAT incurred on entertaining costs incurred before 1 May 1997 need to be made by 31 March 2009, or the opportunity is lost. Similarly, claims for VAT periods ending 28 February 2006 need to be submitted before that date to beat the 3 year cap.
HMRC do not consider that this decision has any implications for the input tax block on expenditure on entertaining UK business clients ie its recovery is still blocked. Nor does it have any impact on input tax that can be claimed on expenditure on meals and other entertainment provided to employees - businesses can continue to claim this input tax subject to the normal rules.
Please contact BTG VATease for more information.
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VAT Appeal Costs |
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1 April 2009 sees the introduction of new rules for the VAT & Duties Tribunals, which will be covered more in our next full newsletter.
However, these new rules remove the right for appellants to recover the costs of appeal from HMRC should they win.
Under transitional rules, appeals submitted before 1 April 2009 will be heard in the new Tribunals but under the old rules, including the old rules on costs.
If you are considering appealing against a decision of HMRC, it would be advantageous, therefore, to submit the Notice of Appeal before 1 April.
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VAT Staff Hire Concession Withdrawn |
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HMRC's Staff hire concession, which allowed recruitment and employment businesses to charge VAT only on their profit margin, is to be withdrawn with effect from 1 April 2009.
This change will not affect businesses that are able to recover VAT in full on their expenses or the agencies that supply them. It will however affect businesses that cannot recover VAT in full, including businesses in the financial, health and education sectors and public and charitable bodies.
We are exploring structures to minimise the impact of these changes. If you are an employment business or a customer of an employment business affected by these changes please contact BTG VATease to discuss your options.
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LexisNexis VAT - New Insights Conference |
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LexisNexis have offered subscribers to the VATabox Newsletter a discount of £65 on the price of their 7th VAT - New Insights Conference.
The highly practical conference will cover principles of EU law which underpin the VAT system and a number of recent significant developments in the case law on abusive practices.
The interactive nature of this conference means that you have the opportunity to fully participate in each of the sessions – gaining valuable insights, viewpoints and opinions on the latest cases and changes in VAT and EU legislation.
With a speaker panel drawn from HM Revenue & Customs, Monckton Chambers, the EU Commission, KPMG and Lovells, this unrivalled access is an opportunity not to be missed.
Key sessions will feature:
- Input tax – what is use?
- How to use EC law remedies in tax cases
- The latest ECJ cases and the impact on future planning
- Current and future proposals from the European Commission
- Tax planning and the avoidance problem
- Debate how the reform of the tax tribunal is set to impact on VAT litigation
VATabox subscribers attend for only £584.10 + VAT. Please quote VAT/BT when booking.
For more information, please visit www.conferencesandtraining.com/VAT. To book, call 020 7347 3574 or email registrations@lexisnexis.co.uk.
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
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Contacts |
| North & Scotland |
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Barry Stocks
Director, VAT & Indirect Taxes
T: 0161 837 1876
E: barry.stocks@btg-tax.com
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Mike Marsden
VAT Senior Manager
T: 0161 837 1880
E: mike.marsden@btg-tax.com
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| Midlands |
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Tony Jackson
Director of VAT Services
T: 0121 452 1515
E: tony.jackson@btg-tax.com
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Simone Hurst
Director of VAT Services
T: 0121 452 1515
E: simone.hurst@btg-tax.com
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Paul Taylor
VAT Manager
T: 0121 452 1515
E: paul.taylor@btg-tax.com
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Helen Benussi
Senior VAT Consultant
T: 0121 452 1515
E: helen.benussi@btg-tax.com
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| London |
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Jaysson Palmer
VAT Partner
T: 020 7024 8370
E: jaysson.palmer@btg-tax.com
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| South West |
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Mark Chesham
Director of VAT Services & IPT
T: 0117 937 7138
E: mark.chesham@btg-tax.com
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