In DCM (Optical Holdings) Ltd v HMRC [2022] UKSC 26, the Supreme Court (SC) ruled on whether a VAT best judgement assessment was made in time and confirmed that HMRC’s obligation to pay a VAT credit arises only when it is established that the VAT credit is due.
Source: rossmartin.co.uk
Latest Posts in "United Kingdom"
- UK Tribunal Clarifies VAT Liability on Amazon Marketplace Sales
- Business Entertainment VAT Rules Updated by HMRC
- Hospitality Sector Urged to Back Petition for 10% VAT Cut
- HMRC Updates Notice 742A on Option to Tax and VAT Registration Cancellation
- Colchester Institute VAT Case: Key Implications for FE Colleges and Grant Funding
