Working in tax for nearly 40 years and having been a Chartered Tax Adviser for more than 20, I believe I offer my clients the expertise and specialist knowledge needed to get to grips with and solve even the trickiest VAT issues.
What is the “golden brick”? The golden brick is a device for transforming a standard-rated or exempt supply of land or buildings into a zero-rated supply of a partly completed dwelling, or other building qualifying for zero-rating. Why would you use the golden brick? You might use it where: The person buying the property cannot
In my December 2017 Insight I drew attention to an unwarranted campaign by HMRC to restrict zero-rating for dwellings by using “the 2(c) test” in a way that was not intended by parliament (when-is-a-house-not-a-dwelling?). In May 2018, in the case of Summit Electrical Installations Limited, the Upper Tribunal confirmed that HMRC’s interpretation of this test
When I came to read the March edition of De Voil VAT Intelligence, I was glad to see it was not 1st April as two of the cases had names that jumped out as less than ordinary. One was Lunar Missions Ltd and the other was Snow Factor Limited. Lunar Missions It turned out that
Pulled in many directions Last month, I suggested that HMRC’s perspective on whether a charity was engaged in business or non-business activities could be affected by whether the charity either: Wanted zero-rating on a new building; or Wanted to be VAT-registered on the basis that its public funding represented consideration for making a taxable supply.