VAT update

Article Abstract:

The European Court of Justice had ruled that the three-year cap was introduced without the requisite period of warning, and following this decision, the Customs introduced a retrospective period of warning. The issue considered by the Edinburgh VAT tribunal, in the case of John Clarke (Holdings) Ltd provided that as long as business could demonstrate that it would have made a claim for a period exceeding three years, if there was such a warning period, that longer claim would be honored.

Powers and duties, European Court of Justice

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VAT update

Article Abstract:

The amendments made to VAT return that is proposed to be effective from 1st January 2004, are described. The changes such as an additional requirement for unit price on VAT invoice, removal of the condition to obtain customs' approval for self-billing, increase in the 100 pound sterling limit for the simplified retailers' invoice to an upper limit of 250 pound sterling including VAT, are highlighted.

Tax Law, Public Finance Activities, Interpretation and construction

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VAT

Article Abstract:

Issues are presented concerning the publication of a report by customs officials which has sought to clarify the organization's treatment of composite supplies and mixed supplies.

Management, Taxation, Distribution of goods, Distribution (Commerce), Customs administration

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