The UK’s HM Revenue & Customs (HMRC) has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the tax tribunal. For others, judicial review – either alone or as part of a group action – may be the only possible remedy, but the time limits are short.
Source: pinsentmasons.com
Latest Posts in "United Kingdom"
- UK Supreme Court Rules on VAT Deductibility for Professional Fees in Share Sale Transactions
- UK Tribunal Rules Personalized Book Services VAT-Exempt as Primary Supply is Book Production
- 2025: Celebrity Traitors, Trump’s Tariffs, and the Year Tax Law Got Even Weirder
- UK to Mandate B2B E-Invoicing for All VAT Invoices Starting April 2029
- Audit Office Monitors Council’s VAT Filing Amid Potential £600k HMRC Fine Risk
