Experts have sounded a note of caution on the Bond House judgment, out this
The ECJ ruled in the companies’ favour in the case, which concerned carousel
fraud chains and an attempt by the government to prevent the recovery of VAT to
unwitting businesses involved in the chains.
Tax advisers at Chiltern say one element of the judgment, which specifies
that companies can reclaim if they are victims ‘without that taxable person
knowing or having any means of knowing’ they were involved in a fraudulent
Advisers are waiting for a full judgment, expected later, to gauge the extent
to which the ECJ may have limited claims, perhaps by requiring businesses to
know where the goods they have bought have come from.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory