CVC VAT Focus 9 July 2014

The latest CVC newsletter is now available on our website.

This edition includes the latest Revenue and Customs briefs issued by HMRC and case updates regarding:

  • Zero-rating the onward sale of a protected residential property which has been ‘substantially reconstructed’.
  • Validity of an option to tax.
  • Whether expenses attributable to an onward taxable supply.
  • Late VAT registration penalty.
  • Reduced rate of VAT on the conversion of a property.
  • Cost sharing exemption.
  • Fleming claim – amendment to original claim or new claim.
  • Whether a one-off service was undertaken in the course of business.
  • Relevant residential and charitable purpose.