Amsterdam's peepshows win tax break
World famous peepshows to get tax break after court rules that they are a form of theatre
World famous peepshows to get tax break after court rules that they are a form of theatre
Peepshows in Amsterdam are set for a tax break after a court ruling.
An unnamed peepshow owner has won a court ruling against the tax authorities
which means he will pay VAT on his earnings at the 6% rate charged to theatres,
rather than the 19% rate demanded by the taxman.
The Dutch Telegraaf newspaper reported this week that a court has
rejected an earlier ruling in favour of the tax authorities, on the basis that
the sexual nature of the performance and the absence of a vocal aspect made no
difference to the shows for tax purposes.
The owner had received an additional tax demand of almost 20,000 euros
(26,000 dollars), but the judge was catagorical that the shows are a form of
theatre.
‘The erotic character of the performance does not diminish that,’ said the
judge.
Further reading:
Football boss Hiddink faces tax trial
Labour denies talk of tax attack on City bonuses
Gangster locked up on tax charges
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article