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BUDGET 2009 VAT MEMO 2008-2009 |
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Newsletter Issue 2 |
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April 2009 |
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In this issue… Welcome to the special Budget newsletter for the 2008/09 edition of VAT Memo. This brings together all relevant announcements made by the Chancellor in the Budget Report on 22 April 2009 to provide a comprehensive analysis in one document. The relevant paragraphs in your online Memo product will also shortly be updated. Use the links on the left to navigate to the areas that you are most interested in. This year’s Budget was relatively uneventful from a VAT perspective. The most significant developments concern the implementation of the EU ‘VAT Package’ of changes to the place of supply of cross border services. Other changes include changes to the rules on obtaining permission to opt to tax land and buildings, and to the removal of VAT from bingo participation charges. HMRC are also in the process of preparing a taxpayer’s charter to be launched in August. This will govern HMRC’s dealings with taxpayers. We believe 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 Scope of VAT Output tax Enforcement » Naming and shaming of tax defaulters » Responsibility of senior accounting officers Particular activities Overseas issues Appendix » Registration and deregistration thresholds
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