VAT update, May 2017

Published on 24 May 2017

In this month’s update we report on HMRC’s revised guidance on holding companies’ input VAT recovery, prelaunch trials for the online tribunal appeals service and draft legislation effecting the removal of the “use and enjoyment” rule for the supplies of B2C telecommunication services.

We also comment on three recent cases involving the VAT cost-sharing exemption, the reduced rate of VAT and composite supplies, and VAT and electronic publications.