A property intermediary company allowing clients to use corporate credit cards for booking accommodation is liable for VAT on the fees it charges for the service, as confirmed by a tax tribunal. The case involved a dispute between Silverdoor and HM Revenue and Customs, where Silverdoor did not account for VAT on fees charged for corporate credit card payments. The company was assessed for around £109,000 in unpaid VAT.
Source Pinsent Masons
Latest Posts in "United Kingdom"
- Navigating VAT Challenges in UK Care Homes: Compliance, Risks, and Strategic Planning
- UK Chancellor Considers Increasing VAT Threshold to Boost Business Growth
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- VAT Fraudster Arif Patel Loses Ferrari and £90m Property Empire in HMRC Crackdown
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations
