The latest CVC VAT Focus is now available on our website.
This issue includes HMRC News and Case Review. The Case Review considers:
- Advocate General opinion – whether a leasing agreement with an option to purchase is a supply of goods.
- Whether VAT repayment received from HMRC is ‘profit’ for the purposes of corporation tax.
- Windfall received by HMRC – unjust enrichment?
- Paypoints – standard rated or exempt supply?
- Whether a husband and wife have separate businesses.