The latest CVC VAT Focus is now available on our website.
This VAT newsletter includes a VAT update following the Summer Budget 2015, and VAT cases with regards to the following:
- Input VAT – attribution to taxable supplies.
- Input VAT – entitlement to VAT recovery.
- Penalties and whether assessment made to ‘best judgment’.
- Penalty for incorrect operation of flat rate scheme – whether taxpayer’s behaviour careless following HMRC officer mistakenly confirming the method applied was correct.
- European case – whether the transport of organs falls within the VAT exemption for medical care.