Tags » VAT

Turner Little: 5 VAT Registration FAQs

Your firm may be required to register for Value Added Tax (VAT), a tax which suppliers charge consumers when selling products, but only in certain circumstances. 28 more words

Business

Brussels to cut VAT on ebooks

Brussels will take a step towards adjusting its arcane VAT rules to the digital age by allowing reduced rates of tax on ebooks.

The treatment of digital publications has been at the centre of a squabble between the European Commission and France, which found itself hauled before the EU courts in 2013 after it tried to apply its low VAT rate for paper books to their electronic equivalents. 356 more words

EBooks

Demystifying Draft Invoice Rules for Goods and Service Tax

The Model GST Law was placed in the public domain on 14th June 2017 and thereafter we could see a lot of moment on the implementation of GST like, passage of the Constitutional Amendment Bill the Rajya Sabha on 3rd August 2017 and the same being ratified in the Lok Sabha on 8th August 2016. 2,284 more words

Chief Economist's Weekly Brief - The fall

UK businesses appear in decent shape. Turnover is up as are Corporation Tax receipts. Yet sterling has lost roughly one-tenth of its value since June and that’s raising input costs and squeezing profits. 781 more words

PMI

Positive Changes To Flat Rate VAT

Potentially good news for contractors as HMRC has made some changes to its Flat Rate VAT guidance. This is a result of recommendations from several judges following various tribunal cases ruling against the department. 187 more words

Consultants

HMRC Payment by Credit or Debit Card Disclosure Scheme

HMRC Payment by Credit or Debit Card Disclosure Scheme

HMRC have launched a disclosure campaign aimed at businesses which accept payment by credit or debit cards but have not so far declared those sales. 40 more words

Tax And Accounting News

CBEC circular on Service tax liability in case of hiring of goods without transfer of the right to use goods

As per clause 29A of Article 366 of the Constitution of India, the transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration is deemed to be a sale of those goods by the person making the transfer, delivery or supply and is liable to Sales Tax/ Value Added Tax. 326 more words

Service Tax