The UK VAT Gap grew to £13.3bn in 2017/18, up from £12bn in 2016/17, the latest figures from HMRC show.
HMRC saw its successful tax dispute settlements using alternative dispute resolution (ADR) rise 23% last year, up from 370 in 2016/17 to 455 in 2017/18, according to figures seen by law firm RPC.
Input tax on sale of subsidiary
The EU’s Economic and Financial Affairs Council (ECOFIN) has formally adopted the directive allowing member states to apply reduced or zero VAT rates to electronic publications, providing for alignment of the VAT rules between physical and electronic publications.
Supplies by student union and education exemption
The government has pledged an £8m package to support training and automation in the customs intermediaries sector, which includes customs brokers, freight forwarders and fast parcel operators, in the event of a no deal Brexit.
VAT recovery on aborted takeover bids.
Meaning of ‘taxable person acting as such’