Invalid invoice… reverse charge VAT… input VAT recoverable?
Earlier this month, in a decision handed down from the Court of Justice of the European Union (“CJEU”), it was decided that VAT was irrecoverable
QIPs – no laughing matter: CT payments and company size
For some years now, “large companies” have been required to pay their Corporation Tax by instalments. For an accounting period of one year, payment is
SDRT: an ideal tax?
Stamp duty reserve tax (SDRT) is probably one of the least known taxes in the UK: in a recent survey by YouGov and Etoro, reported
Sales, Property and Viability: SPVs and tax
Traditionally, the development of property for sale has often been carried out through a special purpose vehicle (“SPV”): once the development is completed, the properties
HMRC and the order of the phoenix: profit extraction and tax relief
With personal tax rates running up to 45% (or 47% if you include National Insurance Contributions) and a Corporation Tax rate at a flat 19%
Import VAT recovery: a taste of things to come?
A recent brief issued by HMRC (Revenue and Customs Brief 2 (2019)) deals with the incorrect recovery of import VAT by businesses where they have
Faith, hope and foreign charity
David Whiscombe examines the issues around UK tax relief on charitable donations. Charity begins at home. But sometimes events call for an international response. Getting
IR35 and contracts of employment
In an article for Taxation magazine, BKL consultant David Whiscombe examines how apparently similar cases on the application of the IR35 rules can lead to
An ER lifeboat: past loss of trading status
David Whiscombe highlights an anomaly that may occasionally be vital. Entrepreneurs’ relief is a very valuable relief, reducing the rate of Capital Gains Tax to 10%
Mexit: tax on marriage breakdown
David Whiscombe reflects on relationship breakdown. As if to remind us that relationships other than that between the UK and the EU also, sadly, break
