HMRC has issued VAT Information Sheet 10/09 about the increase in the VAT rate in Estonia.

HMRC has issued a revised version of VAT Notice 700/43: Default Interest which contains the revised rules about how and when default interest is charged.

The High Court has ruled in favour of Rank in the case concerning the VAT liability of the supply of mechanised cash bingo, which was standard rated under UK law. The ruling is important as Rank argued that the liability of such supplies in other countries was exempt and therefore the UK position went against the concept of fiscal neutrality. Further information is in Revenue & Customs Brief 40/09, which also explains that claims for overpaid VAT on supplies of MCB by other suppliers can now be made. HMRC is also considering how to processs claims for overpaid Bingo Duty which is calculated on the VAT inclusive takings.

Further details on these subjects can be found on the HMRC website here http://www.hmrc.gov.uk/news/index.htm

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