CVC VAT Focus 27 May 2014

The latest CVC newsletter is now available on our website.

This newsletter includes case updates regarding:

  • Zero-rated dog food.
  • Whether a motor vehicle finance agreement is a supply of goods or services.
  • Reduced rate of VAT for energy saving materials.
  • Whether the sale of a public house is a transfer of a going concern (TOGC).
  • Bad debt relief claim.
  • DIY housebuilders scheme.
  • Penalty for submitting incorrect VAT returns.
  • VAT assessment and penalty for understatement of sales.
  • Retrospective adjustment to amount of consideration.