In Shields & Sons v HMRC(Case C-262/16) (28 June 2017) Advocate General Szpunar opined that HMRC could not exclude from the farmers flat-rate scheme those farmers who could recover substantially more under the scheme than outside it.
Shields & Son was a partnership which ran a farm. It had been covered by the common flat-rate scheme for farmers since the tax year 2004/05. In that tax year the reimbursement which Shields & Sons received by way of flat-rate compensation corresponded in principle to the amount of VAT which that undertaking would have been entitled to recover as a taxpayer operating under the normal arrangements. In subsequent years however those amounts began to vary significantly and HMRC revoked the certificate authorising Shields & Sons to participate in...
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In Shields & Sons v HMRC(Case C-262/16) (28 June 2017) Advocate General Szpunar opined that HMRC could not exclude from the farmers flat-rate scheme those farmers who could recover substantially more under the scheme than outside it.
Shields & Son was a partnership which ran a farm. It had been covered by the common flat-rate scheme for farmers since the tax year 2004/05. In that tax year the reimbursement which Shields & Sons received by way of flat-rate compensation corresponded in principle to the amount of VAT which that undertaking would have been entitled to recover as a taxpayer operating under the normal arrangements. In subsequent years however those amounts began to vary significantly and HMRC revoked the certificate authorising Shields & Sons to participate in...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")