Submit Search
Upload
Indirect Tax Update 22/2014
•
0 likes
•
406 views
Graham Brearley
Follow
Indirect Tax Update for week ending 30 May 2014
Read less
Read more
Economy & Finance
Report
Share
Report
Share
1 of 1
Download now
Download to read offline
Recommended
Golf clubs - R&C Brief 19/2015
Golf clubs - R&C Brief 19/2015
Graham Brearley
Indirect Tax Update for week ending 25 April 2014
Indirect Tax Update for week ending 25 April 2014
Alex Baulf
Indirect Tax Update 30/2015
Indirect Tax Update 30/2015
Graham Brearley
The Insider April 2012
The Insider April 2012
nevillebeckhurst
Mc Hardy & Burnett Summer 2012 Newsletter
Mc Hardy & Burnett Summer 2012 Newsletter
pamcradock
Budget
Budget
Ashish Nangla
Case Alert: Trinity Mirror PLC
Case Alert: Trinity Mirror PLC
Alex Baulf
Case alert Trinity Mirror Plc
Case alert Trinity Mirror Plc
Graham Brearley
Recommended
Golf clubs - R&C Brief 19/2015
Golf clubs - R&C Brief 19/2015
Graham Brearley
Indirect Tax Update for week ending 25 April 2014
Indirect Tax Update for week ending 25 April 2014
Alex Baulf
Indirect Tax Update 30/2015
Indirect Tax Update 30/2015
Graham Brearley
The Insider April 2012
The Insider April 2012
nevillebeckhurst
Mc Hardy & Burnett Summer 2012 Newsletter
Mc Hardy & Burnett Summer 2012 Newsletter
pamcradock
Budget
Budget
Ashish Nangla
Case Alert: Trinity Mirror PLC
Case Alert: Trinity Mirror PLC
Alex Baulf
Case alert Trinity Mirror Plc
Case alert Trinity Mirror Plc
Graham Brearley
Horner Downey & Co- Tax Matters
Horner Downey & Co- Tax Matters
Jenny Ferguson
Top tax saving tips for small businesses
Top tax saving tips for small businesses
Practice Eye
Tax Autumn Conference (09.12.10)
Tax Autumn Conference (09.12.10)
Smartuktax
Robb Ferguson March 2015 Budget Summary
Robb Ferguson March 2015 Budget Summary
Graham Cantlay
Corr & Corr Budget Update 2015
Corr & Corr Budget Update 2015
Corrand Corr
Llp Mantra Vol V 07 Sep2009
Llp Mantra Vol V 07 Sep2009
LLPonline.in
09. Series 09 2011 Paye Update
09. Series 09 2011 Paye Update
njhb1958
Ac Fin Pps Qrops Guide(6)
Ac Fin Pps Qrops Guide(6)
InLife LLC
Indirect Tax Update 04/2014
Indirect Tax Update 04/2014
Alex Baulf
Creaseys Presentation
Creaseys Presentation
Creaseys LLP
Fringe benefits tax overview
Fringe benefits tax overview
Ross Forrester
Finance Bill Alert
Finance Bill Alert
Dorin Rugaiganisa
Do directors need to auto enrol?
Do directors need to auto enrol?
Taxcare Accountancy Ltd
Indirect Tax Update 12/2015
Indirect Tax Update 12/2015
Graham Brearley
The Insider February 2012
The Insider February 2012
nevillebeckhurst
Nov 2013 Tax Matters Newsletter
Nov 2013 Tax Matters Newsletter
Thomas O'Brien
Horner Downey & Co Autumn 2016 Newsletter
Horner Downey & Co Autumn 2016 Newsletter
Jenny Ferguson
VAT & Occupational Pension Schemes – HMRC issues guidance
VAT & Occupational Pension Schemes – HMRC issues guidance
Alex Baulf
ITU 06/2016
ITU 06/2016
Graham Brearley
Reclaiming VAT on pension scheme costs – what should you be thinking about?
Reclaiming VAT on pension scheme costs – what should you be thinking about?
Alex Baulf
ITU 34/2015
ITU 34/2015
Graham Brearley
ITU 03/2017
ITU 03/2017
Graham Brearley
More Related Content
What's hot
Horner Downey & Co- Tax Matters
Horner Downey & Co- Tax Matters
Jenny Ferguson
Top tax saving tips for small businesses
Top tax saving tips for small businesses
Practice Eye
Tax Autumn Conference (09.12.10)
Tax Autumn Conference (09.12.10)
Smartuktax
Robb Ferguson March 2015 Budget Summary
Robb Ferguson March 2015 Budget Summary
Graham Cantlay
Corr & Corr Budget Update 2015
Corr & Corr Budget Update 2015
Corrand Corr
Llp Mantra Vol V 07 Sep2009
Llp Mantra Vol V 07 Sep2009
LLPonline.in
09. Series 09 2011 Paye Update
09. Series 09 2011 Paye Update
njhb1958
Ac Fin Pps Qrops Guide(6)
Ac Fin Pps Qrops Guide(6)
InLife LLC
Indirect Tax Update 04/2014
Indirect Tax Update 04/2014
Alex Baulf
Creaseys Presentation
Creaseys Presentation
Creaseys LLP
Fringe benefits tax overview
Fringe benefits tax overview
Ross Forrester
Finance Bill Alert
Finance Bill Alert
Dorin Rugaiganisa
Do directors need to auto enrol?
Do directors need to auto enrol?
Taxcare Accountancy Ltd
Indirect Tax Update 12/2015
Indirect Tax Update 12/2015
Graham Brearley
The Insider February 2012
The Insider February 2012
nevillebeckhurst
Nov 2013 Tax Matters Newsletter
Nov 2013 Tax Matters Newsletter
Thomas O'Brien
Horner Downey & Co Autumn 2016 Newsletter
Horner Downey & Co Autumn 2016 Newsletter
Jenny Ferguson
What's hot
(17)
Horner Downey & Co- Tax Matters
Horner Downey & Co- Tax Matters
Top tax saving tips for small businesses
Top tax saving tips for small businesses
Tax Autumn Conference (09.12.10)
Tax Autumn Conference (09.12.10)
Robb Ferguson March 2015 Budget Summary
Robb Ferguson March 2015 Budget Summary
Corr & Corr Budget Update 2015
Corr & Corr Budget Update 2015
Llp Mantra Vol V 07 Sep2009
Llp Mantra Vol V 07 Sep2009
09. Series 09 2011 Paye Update
09. Series 09 2011 Paye Update
Ac Fin Pps Qrops Guide(6)
Ac Fin Pps Qrops Guide(6)
Indirect Tax Update 04/2014
Indirect Tax Update 04/2014
Creaseys Presentation
Creaseys Presentation
Fringe benefits tax overview
Fringe benefits tax overview
Finance Bill Alert
Finance Bill Alert
Do directors need to auto enrol?
Do directors need to auto enrol?
Indirect Tax Update 12/2015
Indirect Tax Update 12/2015
The Insider February 2012
The Insider February 2012
Nov 2013 Tax Matters Newsletter
Nov 2013 Tax Matters Newsletter
Horner Downey & Co Autumn 2016 Newsletter
Horner Downey & Co Autumn 2016 Newsletter
Similar to Indirect Tax Update 22/2014
VAT & Occupational Pension Schemes – HMRC issues guidance
VAT & Occupational Pension Schemes – HMRC issues guidance
Alex Baulf
ITU 06/2016
ITU 06/2016
Graham Brearley
Reclaiming VAT on pension scheme costs – what should you be thinking about?
Reclaiming VAT on pension scheme costs – what should you be thinking about?
Alex Baulf
ITU 34/2015
ITU 34/2015
Graham Brearley
ITU 03/2017
ITU 03/2017
Graham Brearley
Off Payroll Working In Private Sector | Makesworth Accountants in Harrow
Off Payroll Working In Private Sector | Makesworth Accountants in Harrow
Makesworth Accountants
ITU 20/2016
ITU 20/2016
Graham Brearley
ITU 05/2018
ITU 05/2018
Graham Brearley
Vat Alert - Cost Sharing Groups
Vat Alert - Cost Sharing Groups
Graham Brearley
Indirect Tax Update 35/2014
Indirect Tax Update 35/2014
Graham Brearley
ITU 26/2016
ITU 26/2016
Graham Brearley
Viewpoint May 2016
Viewpoint May 2016
Martin O'Gorman
ITU 32/2016
ITU 32/2016
Graham Brearley
ITU 37/2016 final
ITU 37/2016 final
Graham Brearley
Real Estate Partnerships and the Looming Tax Shelter Threat
Real Estate Partnerships and the Looming Tax Shelter Threat
CBIZ, Inc.
Horner Downey & Co Tax Matters Newsletter
Horner Downey & Co Tax Matters Newsletter
Jenny Ferguson
Horner Downey & Co Tax Matters Newsletter
Horner Downey & Co Tax Matters Newsletter
Jenny Ferguson
Vietnam – Taxation – 2015
Vietnam – Taxation – 2015
Dr. Oliver Massmann
UK Case Alert: Airtours loses VAT case at Supreme Court
UK Case Alert: Airtours loses VAT case at Supreme Court
Alex Baulf
Case alert Airtours - Supreme Court
Case alert Airtours - Supreme Court
Graham Brearley
Similar to Indirect Tax Update 22/2014
(20)
VAT & Occupational Pension Schemes – HMRC issues guidance
VAT & Occupational Pension Schemes – HMRC issues guidance
ITU 06/2016
ITU 06/2016
Reclaiming VAT on pension scheme costs – what should you be thinking about?
Reclaiming VAT on pension scheme costs – what should you be thinking about?
ITU 34/2015
ITU 34/2015
ITU 03/2017
ITU 03/2017
Off Payroll Working In Private Sector | Makesworth Accountants in Harrow
Off Payroll Working In Private Sector | Makesworth Accountants in Harrow
ITU 20/2016
ITU 20/2016
ITU 05/2018
ITU 05/2018
Vat Alert - Cost Sharing Groups
Vat Alert - Cost Sharing Groups
Indirect Tax Update 35/2014
Indirect Tax Update 35/2014
ITU 26/2016
ITU 26/2016
Viewpoint May 2016
Viewpoint May 2016
ITU 32/2016
ITU 32/2016
ITU 37/2016 final
ITU 37/2016 final
Real Estate Partnerships and the Looming Tax Shelter Threat
Real Estate Partnerships and the Looming Tax Shelter Threat
Horner Downey & Co Tax Matters Newsletter
Horner Downey & Co Tax Matters Newsletter
Horner Downey & Co Tax Matters Newsletter
Horner Downey & Co Tax Matters Newsletter
Vietnam – Taxation – 2015
Vietnam – Taxation – 2015
UK Case Alert: Airtours loses VAT case at Supreme Court
UK Case Alert: Airtours loses VAT case at Supreme Court
Case alert Airtours - Supreme Court
Case alert Airtours - Supreme Court
More from Graham Brearley
ITU 10/2018
ITU 10/2018
Graham Brearley
ITU 07/2018
ITU 07/2018
Graham Brearley
Case alert: Summit Electrical Installations Ltd Upper Tribunal Judgment
Case alert: Summit Electrical Installations Ltd Upper Tribunal Judgment
Graham Brearley
ITU 08/2018
ITU 08/2018
Graham Brearley
Vat Alert: Reverse Charge on Construction Services
Vat Alert: Reverse Charge on Construction Services
Graham Brearley
ITU 09/2018
ITU 09/2018
Graham Brearley
ITU 06/2018
ITU 06/2018
Graham Brearley
Case Alert - University of Cambridge
Case Alert - University of Cambridge
Graham Brearley
Case Alert - VWFS - Advocate General's opinion
Case Alert - VWFS - Advocate General's opinion
Graham Brearley
Case Alert - Wakefield College - Court of Appeal
Case Alert - Wakefield College - Court of Appeal
Graham Brearley
Case alert - Ryanair - Advocate General's opinion
Case alert - Ryanair - Advocate General's opinion
Graham Brearley
ITU 06/2018
ITU 06/2018
Graham Brearley
Case Alert - Marks & Spencer
Case Alert - Marks & Spencer
Graham Brearley
Case Alert - Marriott Rewards / Whitbread - Upper Tribunal
Case Alert - Marriott Rewards / Whitbread - Upper Tribunal
Graham Brearley
ITU 04/2018
ITU 04/2018
Graham Brearley
Case Alert DPAS Ltd - Advocate General's opinion
Case Alert DPAS Ltd - Advocate General's opinion
Graham Brearley
Brexit Alert
Brexit Alert
Graham Brearley
Case Alert: Kreuzmayr CJEU Judgment
Case Alert: Kreuzmayr CJEU Judgment
Graham Brearley
ITU 03/2018
ITU 03/2018
Graham Brearley
Case alert - Boehringer Ingleheim Pharma CJEU Judgment
Case alert - Boehringer Ingleheim Pharma CJEU Judgment
Graham Brearley
More from Graham Brearley
(20)
ITU 10/2018
ITU 10/2018
ITU 07/2018
ITU 07/2018
Case alert: Summit Electrical Installations Ltd Upper Tribunal Judgment
Case alert: Summit Electrical Installations Ltd Upper Tribunal Judgment
ITU 08/2018
ITU 08/2018
Vat Alert: Reverse Charge on Construction Services
Vat Alert: Reverse Charge on Construction Services
ITU 09/2018
ITU 09/2018
ITU 06/2018
ITU 06/2018
Case Alert - University of Cambridge
Case Alert - University of Cambridge
Case Alert - VWFS - Advocate General's opinion
Case Alert - VWFS - Advocate General's opinion
Case Alert - Wakefield College - Court of Appeal
Case Alert - Wakefield College - Court of Appeal
Case alert - Ryanair - Advocate General's opinion
Case alert - Ryanair - Advocate General's opinion
ITU 06/2018
ITU 06/2018
Case Alert - Marks & Spencer
Case Alert - Marks & Spencer
Case Alert - Marriott Rewards / Whitbread - Upper Tribunal
Case Alert - Marriott Rewards / Whitbread - Upper Tribunal
ITU 04/2018
ITU 04/2018
Case Alert DPAS Ltd - Advocate General's opinion
Case Alert DPAS Ltd - Advocate General's opinion
Brexit Alert
Brexit Alert
Case Alert: Kreuzmayr CJEU Judgment
Case Alert: Kreuzmayr CJEU Judgment
ITU 03/2018
ITU 03/2018
Case alert - Boehringer Ingleheim Pharma CJEU Judgment
Case alert - Boehringer Ingleheim Pharma CJEU Judgment
Recently uploaded
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trends
lemlemtesfaye192
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
makika9823
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
rjrjkk
call girls in Nand Nagri (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Nand Nagri (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
9953056974 Low Rate Call Girls In Saket, Delhi NCR
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
Henry Tapper
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsApp
miss dipika
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
fqiuho152
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
S SDS
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
Bladex
Mulki Call Girls 7001305949 WhatsApp Number 24x7 Best Services
Mulki Call Girls 7001305949 WhatsApp Number 24x7 Best Services
najka9823
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Shaheen Kumar
Stock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdf
Michael Silva
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdf
shaunmashale756
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
Sonam Pathan
Attachment Of Assets......................
Attachment Of Assets......................
AmanBajaj36
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Sapana Sha
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Työeläkeyhtiö Elo
🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
Commonwealth
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
jdkhjh
Recently uploaded
(20)
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trends
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
call girls in Nand Nagri (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Nand Nagri (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsApp
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
Mulki Call Girls 7001305949 WhatsApp Number 24x7 Best Services
Mulki Call Girls 7001305949 WhatsApp Number 24x7 Best Services
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Stock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdf
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdf
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
Attachment Of Assets......................
Attachment Of Assets......................
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
Indirect Tax Update 22/2014
1.
Indirect Tax Update
for week ending 30 May 2014 Not much happening in the courts this week! HMRC has issued a further Revenue & Customs Brief relating to pension schemes following the Court of Justice judgments in PPG Holdings and ATP Pension services. An announcement which, basically, says, a further announcement will be made soon. It is now almost 12 months since the Court of Justice issued its judgment in the case of PPG Holdings. Readers will remember that the case related to whether a business could recover VAT incurred on the costs of establishing a separate pension scheme It also suggested that VAT incurred on the costs of investment management could also be reclaimed. Hitherto, HMRC had maintained a policy of allowing UK business to reclaim VAT on 'set-up' and 'admin' costs, but not on the management of investments. Following that judgment, HMRC issued R&C Brief 06/14 announcing a change of policy. However, by its own admission, that Brief created more issues than it sought to resolve. HMRC was somewhat taken aback by the degree of 'alarm' that aspects of the Brief provoked. For example, R&C Brief 06/14 suggested that where an employer incurred the cost of maintaining a pension scheme but recharged some or all of those costs onto the separate scheme, VAT would be due at the standard rate of 20% on the amount recharged. In the latest R&C Brief 22/14 HMRC has stated that following the earlier R&C Brief, it has decided to consult with industry representatives on how the new policy of dealing with VAT & pension schemes will apply. In a separate judgment the Court of Justice also ruled recently that, if various conditions are met, a defined contribution pension scheme could, for VAT purposes, be regarded as a 'special investment fund'. This judgment will have a significant impact as the management of such pension funds is not subject to VAT and pension schemes that have incurred VAT charged by fund managers may be entitled to significant refunds. R&C Brief 22/14 states that further guidance on both issues will be issued in the Autumn of 2014 but, in the meantime, business can continue to use the transitional arrangements outline in R&C Brief 06/14. Comment – the issues in these two pension scheme cases are entirely different. PPG concerns the recoverability of VAT on costs by employers and ATP concerns whether defined contribution schemes can be regarded as special investment funds. It is not therefore altogether clear why the two issues have been 'combined' as it seems that the outcome of one issue is not reliant on the outcome of the other. Brief 06/14 was issued without the necessary industry consultation and, as a result, has caused more problems than it has resolved. It is, of course, accepted that the issues in both cases are complex. However, it should not take over a year for VAT policy to emerge following a judgment from the courts. Similarly, if HMRC is to consult with industry on policy issues, one would reasonably expect this to occur before the issue of a Revenue & Customs Brief not afterwards. For further information in relation to any of the issues highlighted in this Indirect Tax Update please contact: London/South East Karen Robb karen.robb@uk.gt.com The Regions Stuart Brodie stuart.brodie@uk.gt.com The Midlands Mike Sheppard mike.sheppard@uk.gt.com © 2014 Grant Thornton UK LLP All rights reserved ‘Grant Thornton’ means Grant Thornton UK LLP, a limited liability partnership Grant Thornton UK LLP is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another's acts or omissions. This publication has been prepared only as a guide. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material in this publication. www.grant-thornton.co.uk Indirect Tax Update 22/2014
Download now