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VAT and Indirect Tax Issues

Andrew Rimmer, Senior VAT Manager, Baker Tilly, outlines the main VAT and Indirect Tax issues in the Pre-Budget Report

 
Andrew Rimmer Senior VAT Manager Baker Tilly outlines the main VAT and Indirect Tax issues in the Pre-Budget Report
 
The Chancellor's Pre Budget Report (PBR) addresses a number of long-term land and property VAT issues comments on the effectiveness of previous PBR strategies and Post Implementation Reviews of other simplification measures regarding excise duties (hydrocarbon oils duty deferment) and announces changes in the VAT liability of fuels and gaming machine takings. The principle items are outlined below.
VAT changes
 
HM Revenue & Customs (HMRC) has issued Business Brief 23/05...

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