VAT update, March 2017

In this month’s update we report on the Chancellor’s announcement in the Spring Budget that he intends to “crack down” on VAT “missing trader” fraud within the construction industry, the Offce of Tax Simplification’s Interim Report on its review of VAT, and the EU’s consultation on proposals to tackle VAT fraud.

We also comment on three recent cases involving the VAT "Builders Block", the Advocate General’s Opinion in relation to limitation periods for output tax, and the recovery of VAT input tax in the absence of self-billing arrangements.