Abstracts » Business

VAT: appealing to the tribunal

Article Abstract:

Value added tax (VAT) tribunals in England, Wales, Scotland, and Northern Ireland respond to taxpayer appeals of Customs and Excise board decisions. The basic procedure for filing an appeal to a Customs decision is presented. A decision by Customs must have been issued to the taxpayer, who must have paid all taxes due. Submitting the pre-printed appeal form and copies of all documents to be used in the appeal is helpful. A lawyer should be retained by the taxpayer, since tribunals are formal. During the tribunal, the taxpayer or lawyer opens with a summary of the case, then calls witnesses who are examined by both sides. Once all evidence is presented, the Tribunal makes a decision, which is confirmed in writing. Another appeal procedure is available if the Tribunal decision goes against the taxpayer.

Taxation

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VAT: handling disputes

Article Abstract:

The value added tax is a self-assessed tax that can be associated with disagreements between the Customs and Excise organization and the taxpayer. Disputes tend to concern either accounting errors or technical interpretations of the law. Accounting errors can usually be handled at the local level. Technical disagreements often have to be settled by Customs Headquarters. Accounting errors might include irregularities in calculating under special retail methods; technical disputes might arise when the taxpayer seeks a special ruling on a particular transaction, or series of repetitive transactions, from Customs and Excise.

Accounting and auditing

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VAT: partial exemption one year on

Article Abstract:

New revisions to partial exemption rules for exempt supplies in Schedule 6 of the Value Added Tax Act of 1983 have been in effect for almost a year, but are still the subject of debate. The new revisions mean that businesses must look carefully at their accounting systems to ensure that allocation of input tax according to the type of supply generated by the expense incurred is properly handled. There will undoubtedly be situations where expenses are debatable and allocation of the input tax will be subjective.

Tax accounting, Scotland, Great Britain

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