Karen Killington and Peter Dylewski (KPMG) explore the issue of VAT deduction and non-economic activities, and seek to determine whether scientific principles can be applied consistently or whether VAT deduction is in fact more of an art.
Parents reading this article may have just passed through the delights of GCSE or A Level season (or still be in the throes of battling histograms Hitler and the Haber Process). If they have been roped into helping with revision they may find themselves questioning their memory and wondering whether the subjects were not somewhat more straightforward in their day.
Similarly longstanding practitioners of the ‘simple tax’ may find HMRC’s developing approach towards the question of non-economic activity and the non-recovery of associated input tax to be somewhat puzzling. Drawing on their recent experience of GCSE Science revision the authors decided to evaluate this perception to see whether conclusions...
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Karen Killington and Peter Dylewski (KPMG) explore the issue of VAT deduction and non-economic activities, and seek to determine whether scientific principles can be applied consistently or whether VAT deduction is in fact more of an art.
Parents reading this article may have just passed through the delights of GCSE or A Level season (or still be in the throes of battling histograms Hitler and the Haber Process). If they have been roped into helping with revision they may find themselves questioning their memory and wondering whether the subjects were not somewhat more straightforward in their day.
Similarly longstanding practitioners of the ‘simple tax’ may find HMRC’s developing approach towards the question of non-economic activity and the non-recovery of associated input tax to be somewhat puzzling. Drawing on their recent experience of GCSE Science revision the authors decided to evaluate this perception to see whether conclusions...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
