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FL Memo Ltd © 2007

VAT Memo 2007-2008 Newsletter Issue 1

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Contents

News

Focus on

Appendix items

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Welcome to the first newsletter for the 2007-08 edition of VAT Memo, which gives a round up of all news which has already been posted on our online updates page at www.flmemo.co.uk. We also include the minor change to the property VAT rules which was announced in the Chancellor’s Pre-Budget Report.

This newsletter is divided into three parts:

- news;

- focus on: and

- appendix items.

 

We hope you find this particular newsletter useful and informative and welcome any comments you may have as to how we can improve our service.  We look forward to receiving your emails at flm@flmemo.co.uk.

 

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Newsletter Issue 1

October 2007

VAT MEMO 2007-2008

185 PARK STREET

BANKSIDE

LONDON

SE1 9DY

(T) 020 7803 4666

(F) 020 7803 4699

Disclaimer

This newsletter is provided on the understanding that the information contained within it is for guidance only, and that the publisher is not in business to provide legal or accounting advice or other professional services. Readers entering into transactions on the basis of, or otherwise relying on, such information should seek the services of a competent professional adviser.

Whilst every care has been taken to ensure the accuracy of the contents, the editors and the publishers cannot accept responsibility for any loss occasioned to any person acting or refraining to act as a result of any statement in it.

 

News:

Scope:

» admission charges

» betting, gaming and lotteries ...

Output tax:

» cash back awards ...

Input tax:

» computers provided by employers

» valid VAT invoices …

Compliance:

» electronic invoices

» invoice contents ...

Enforcement:

» appeals to the High Court

Simplification:

» flat rate scheme and barristers

Particular activities:

» land and property

Overseas issues:

» import VAT relief abolished …

Focus on…

» missing trader fraud

Appendix items:

» interest items