Tax - VAT

Recent Articles

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  15/04/2025

  United Kingdom

  Good news for taxpayers in relation to claims for overpaid tax: Christian Peter Candy v HMRC [2025] UKFTT 00416 (TC)

  IntroductionAn interesting procedural decision has been released in relation to overpayment relief claims. Although the appeal concerns a claim for repayment of stamp duty land tax (“SDLT”), it should be of wider interest. The decision confirms that overpayment relief claims are intended to provide a final statutory remedy where other remedies have been exhausted. This will be positive news for taxpayers looking to make claims for overpaid tax.BackgroundMr Candy had an initial liability to SDLT (in the sum of £1,920,000) triggered by substantial performance of a contracted-out...

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  10/04/2025

  United Kingdom

  Less Tax for Taxis?: VAT treatment of mobile ride-hailing services in HMRC v Bolt Services UK Ltd

  This case concerns the VAT treatment of rail-hailing services provided by Bolt Services UK Limited (“Bolt”). In HMRC v Bolt [2025] UKUT 00100 (TCC), the Upper Tribunal upheld the First-tier Tribunal's (FTT) decision that Bolt's mobile ride-hailing services fell within the Tour Operators' Margin Scheme (TOMS) for VAT purposes. This means accounting for VAT on the margin only (i.e. the difference between the price charged to the traveller and the cost to Bolt).Facts & BackgroundBolt is a licensed private hire vehicle (PHV) operator, which provides on-demand ride-hailing services through...

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  08/04/2025

  United Kingdom

  UK Tax Disputes Digest (Spring 2025)

  Welcome to the spring 2025 edition of our UK Tax Disputes Digest: a high-level summary of key developments in contentious tax over the last few months for tax and legal in-house professionals.As with previous editions, we have seen a continued increase in HMRC activity across various areas. Both individual and corporate taxpayers would be well-advised to check their tax position as soon as possible to prepare for any potential HMRC investigation into their tax affairs.In this edition, we look at just a few of these developments, including the latest in relation to BEPS Pillar Two and potential...

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  26/03/2025

  United Kingdom

  Spring Statement 2025 – key tax announcements

  The Chancellor delivered the Spring Statement today, as planned. The Spring Statement speech was relatively short compared to those delivered at prior fiscal events, finishing in just over half an hour. In line with recent press speculation and statements from members of government, today’s Spring Statement was not a budget nor an “emergency budget”, with its primary focus remaining on spending.However, whilst it was confirmed early on in the speech that no tax increasing measures would be announced, a number of tax-related documents have subsequently been released. Primarily,...

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  03/03/2025

  China

  Chinese Tax Regulation Update - January & February 2025

  The latest development in China Tax Regulation mainly includes:Amendment to the "zero-tariff" policy on raw and auxiliary materials in the Hainan Free Trade Port (“HFTP”)Updates on the matters regarding the issuance of the PRC tax resident certificates (“TRCs”)Policies of “VAT refund upon exit” applicable to exports to overseas warehouses under the cross-border e-commerce (“CBEC”) modelPlease click here to read the full article.

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  24/01/2025

  Belgium

  Federal negotiations – imminent impact for investors

  FR

  As part of the ongoing tax negotiations, major reforms are being considered, which are likely to have a significant impact on investors.1. Financial capital gains taxA general tax of 5% on capital gains on financial instruments, including crypto-assets, is expected to come into force soon. This measure constitutes a significant change in the Belgian tax landscape, which until now has been known for the exemption of capital gains in the context of "normal" asset management.This tax would not apply retroactively, thus guaranteeing an exemption for all historical capital gains realized before...

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