VAT

This practice note summarises the development of anti-avoidance case law from the European Court of Justice's decision in Halifax to date. It also includes some practical tips for structuring transactions to reduce the risk of attack by HMRC based on anti-avoidance case law.

This practice note discusses the tax issues for buyer and seller in an asset purchase, and how the conflicting tax objectives of buyer and seller can be dealt with when structuring the purchase.

This note summarises the capital allowances that may be available to businesses on property transactions. These include plant and machinery allowances, industrial buildings allowances, business premises renovation allowances and flat conversion allowances. 

This note is one of a series of notes on cross-border transactions and VAT and deals specifically with the VAT principles which apply to the supply of services to and from the UK. For an introduction to the general VAT principles which apply to cross-border transactions, see Practice note, Cross-border transactions and VAT: an introduction. Industry-specific exceptions to the general principles and customs duties are outside the scope of this note. This resource has been restructured in the light of the 1 January 2010 changes to the supply of cross-border services. For more information on the current place of supply rules applying to cross-border services, see Practice note, Cross-border transactions and VAT: place of supply of services, refunds and EC sales lists. 

This note is one of a series of notes on cross-border transactions and VAT and deals specifically with the VAT principles which apply to the supply of goods from the UK to a place outside the UK. For an introduction to the general VAT principles which apply to cross-border transactions, see Practice note, Cross-border transactions and VAT: an introduction. Industry-specific exceptions to the general principles and customs duties are outside the scope of this note.

A practice note on the UK VAT treatment of the activities of holding companies.

A practice note outlining the UK VAT treatment of management charges. It also considers the VAT treatment of certain aspects of the UK direct tax regime relating to these charges.

This note explains what the Court of Justice of the European Union (formerly known as the European Court of Justice (ECJ)) is, why a reference would be made to it and who can make a reference. The note gives examples of questions which might be referred to the ECJ and sets out a brief summary of the procedure to be followed and the effect of a ruling by the ECJ on the question referred.

This practice note covers the main issues that the seller should consider during a share sale. It assumes that the target company is resident and incorporated in the UK. The tax treatment of non-UK residents depends on the tax laws of their jurisdiction. Note: This resource is being reviewed in the light of the 2013 Budget. For more information, see  Legal update, 2013 Budget: key business tax announcements.

A document containing items formerly found in PLC Tax legislation trackers but that are now in force.

A document tracking the development of certain notable pieces of proposed new legislation relating to property, energy and environment taxation.

This is one of a series of notes on tax penalties. It deals specifically with the rules for VAT penalties. However, for details of the rules which apply to culpable penalties for periods commencing on or after 1 April 2008 for which a return must be filed on or after 1 April 2009, see Practice note, Tax penalties: consolidated regime for culpable penalties. For an introduction to tax penalties generally, see Practice note, Tax penalties: overview.

This practice note consider situations where, under certain circumstances, an option to tax will be disapplied and not have effect.

This practice note looks at the revocation of an option to tax.

A discussion about the tax factors to consider when deciding whether to locate a holding company in the UK, including the territorial scope of UK tax, relief for financing expenses, shareholder tax issues, VAT, stamp duty, and anti-avoidance rules, such as transfer pricing.

Introduction and links to practice notes and other materials on the effect of value added tax on transactions involving land and buildings.

A short practice note on the VAT treatment of rent apportionments.

This practice note explains the VAT consequences of the situation where a developer agrees with a local authority or public utility undertaker to provide works and buildings in connection with the grant of planning permission for a property development.

This practice note explains the VAT consequences of property sales by a mortgagee following a default by the mortgagor in an insolvency.

An explanation of the capital goods scheme in so far as it relates to land and buildings.

A practice note providing a brief summary of the operation of the rules governing the transfer of a business as a going concern where the assets transferred include land and buildings.

Businesses are required to make a disclosure to HM Revenue & Customs when they derive a VAT benefit from certain VAT planning arrangements. The VAT avoidance disclosure rules came into force on 1 August 2004. This practice note examines the key practical implications of this reporting regime. NOTE: This resource is being reviewed in light of the 2013 Budget. For more information, see Legal update, 2013 Budget: key business tax announcements.