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Value Added Tax: Commentary and Analysis Looseleaf

Value Added Tax: Commentary and Analysis Looseleaf

Author: Paul Lasok
Publisher: Sweet & Maxwell U.K.
ISBN: 9781847032256
Format: Loose-leaf
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

This new looseleaf provides in-depth, technical analysis of VAT legislation and case law, and explains how EU and UK VAT law integrate together. It will help the practitioner resolve even the most complex problems encountered in practice.

The work is structured around the new 6th VAT Directive. It includes specific in-depth coverage of six special sectors: property, financial services and markets, special schemes (small undertakings/farmers/travel agents/etc), simplified procedures, public sector and charities, and telecommunications and the internet.

Throughout, it identifies the issues arising in practice, sets out the reasons they arise, cites relevant sources, draws conclusions, explains why those conclusions have been reached and sets out what the contending positions are where there is an area of debate.

Provides the tools to crack the most complex VAT questions
Explains how EU and UK VAT law integrate together
Considers the fundamentals of VAT in EU law, and how to determine its scope for application in national law
Supplies in-depth, technical analysis of case law and legislation
Explains how to deal with issues as they arise in practice, particularly where the law is ambiguous or complex

GENERAL PRINCIPLES OF VAT

Introduction

What is VAT?

Legal issues

Principles of interpretation of VAT law

Interrelationship between UK and EC law funding

Field of application (goods and services/territorial)

THE INTERNAL SYSTEM

Taxable persons

Taxable transactions

Place of taxable transactions

Chargeable event and the charge to tax

Taxable amount

Rates of tax

Exemptions

Input tax deduction

THE TAXATION OF INTRA-COMMUNITY AND EXPORT TRADE

Intra-Community trade in goods

Intra-Community trade in services

Supplies outside the EU

Customs duty law and practice

SPECIAL SECTORS

Special schemes (small undertakings/farmers/travel agents/second hand goods/investment gold/transitional arrangements in Title XVIB of the 6th Directive

Simplified procedures

Property

Financial services

Public sector (including Charities)

Telecommunications and internet transactions and trading over internet vouchers

ACCOUNTING AND ENFORCEMENT

Accounting for tax; persons liable for payment; assessment of the amount of tax to be paid; liability for payment; obligations of persons liable for payment

Rights of persons liable for payment

Powers of HMRC

Administrative cooperation between taxing authorities

Judicial oversight

APPENDIX

Table cross-referencing EC VAT Directives and UK legislation