In the latest VAT Update from Tax Essentials for Advisors, Edd Thompson covers key VAT developments and practical considerations for tax professionals.
This edition looks at HMRC’s updated guidance on indirect exports and zero rating, including the rules for goods bought for personal use by overseas customers. Edd also examines the Victoria Oil and Gas First-tier Tribunal case and what it means for holding companies claiming input VAT.
Plus, this edition’s VAT tip explores what holding companies need to demonstrate to establish a genuine business activity for VAT purposes and support their entitlement to input tax recovery.
Watch the full update for the latest VAT developments and practical guidance for advisers.
