Tax Journal VAT Briefing for October 2018

This article was first published in the 05 October 2018 edition of Tax Journal who have agreed to Simmons & Simmons making it available on elexica.

This month’s VAT Briefing covers changes which are to be introduced to the rules dealing with cross-border supplies of e-services within the EU. In addition, the government has released draft legislation to prevent an offshore loop structure taking advantage of the specified supplies rules. Meanwhile, the Taxation (Cross-border Trade) Act 2018 has received royal assent and provides the legislative basis for the introduction of a post-Brexit UK customs regime and related changes to excise duties and VAT. In the courts, the advocate general has opined that VAT incurred on an aborted sale of shares in a subsidiary to which the parent provided management services should not be recoverable, and the FTT has held that a copy of HMRC’s own online.

The VAT Briefing for October 2018 can be read here.