Most early contract termination fees and payments made to settle commercial disputes could be within the scope of UK VAT, following a change in practice from HM Revenue & Customs (HMRC).
Source: pinsentmasons.com
Latest Posts in "United Kingdom"
- Hotelbeds v HMRC: Businesses Can Reclaim VAT Without Invoices, Court Rules
- VAT Report – What Is a VAT Report?
- Post-Brexit VAT Divergence and why the EU Forgives and the UK Doesn’t?
- Fiscal Solutions – Great News – The United Kingdom is now part of our Fiscal Portal!
- Post-Brexit VAT: Why the EU Accepts Imperfect Export Proof but the UK Demands Perfection