Preparing for an inspection by HMRC and dealing with its aftermath can often leave taxpayers with a headache. It is not just exempt supplies that can leave businesses with a Value Added Tax (VAT) cost. Non-economic activity can too. This can be of particular relevance in the context of corporate acquisitions.
Source KPMG
Latest Posts in "United Kingdom"
- HMRC Guidance: Business entertainment (VAT Notice 700/65)
- HMRC Guidance: Admission charges to cultural events (VAT Notice 701/47)
- HMRC Guidance: VAT rates on different goods and services
- Chefs Urge VAT Cut to Ease Restaurant Cost Pressures
- HMRC Updates VAT Recovery Rules for Defined Benefit Pension Schemes
