VAT Club provides you with regular updates on current hot topics in the world of VAT and other indirect taxes, from Grant Thornton's specialist team. We focus on practical and commercial indirect tax issues, with content regularly driven by feedback from our clients.
In this edition's general update, Indirect Tax Partner, Lorraine Parkin, covers specific cases including PPG Holdings, following Revenue and Customs Business Brief. Lorraine explains how employers with defined benefit pension schemes now have an opportunity to reclaim VAT. Also featured is the Kumon case on multiple supplies. Finally, Lorraine considers the place of supply changes effective from 1 January 2015.
Back to Basics
VAT Club: Back to basics: Valuation and VAT
Karen Robb, Indirect Tax Partner, talks about the concept and definition of 'valuation' for VAT. Businesses need to be aware of valuation for example when giving freebies as part of promotions. Watch the video to understand the importance of VAT valuation to avoid getting caught out.
VAT Club: International: Top five Customs tips
Sarah Day, Customs Assistant Manager, shares five top tips for businesses that import and export goods. Watch the video to understand how these could save Customs Duty for your business.
VAT Club: Not for Profit: Top five VAT saving tips
Mark Hampson, Senior Indirect Tax Manager, shares five top tips for significant VAT savings including fuel and power and temporary staff. Watch the video to understand how you can use these tips to reduce VAT costs.
VAT Club: Land and property: Supplies related to land
Louise Scholey, Senior Indirect Tax Manager, considers the place of supply rules in relation to land. She explains how diverse views between EU Member States could lead to double taxation and increased compliance costs. Watch the video to ensure the right amount of VAT is paid.