David joined MacIntyre Hudson in 2016 and heads up our London VAT team. He brings with him a wealth of VAT experience built up working in practice and advising clients for almost 20 years, prior to which he was an Officer at HM Customs & Excise (as was).
David has a broad experience spanning multiple industries and is well versed in all VAT matters affecting businesses, particularly in relation to the Real Estate, Retail and Financial Services sectors. He also has considerable practical experience in dealing and negotiating with HMRC on complex technical and VAT saving issues and prides himself on delivering pro-active, timely and commercial advice to his clients in a language and manner they can understand.
The Law Society has published “interim guidance” concerning the VAT liability of property search fees following recent discussions with HMRC.
HMRC may be on the verge of making significant and far reaching changes to the VAT system in the UK following a recent review undertaken by the Office of Tax Simplification (“OTS”) which looked at, amongst other things, the impact of changes to the VAT registrations rules.
HMRC (and the Government) will no doubt be breathing a huge sigh of relief following the recent Supreme Court decision in the case of Littlewoods.
Legal and other professional services firms will be keenly interested in the recent VAT First Tier Tribunal (FTT) decision in the case of Brabners LLP. The main issue concerned whether search fees involved in the conveyancing process can be treated as a disbursement for VAT purposes when these costs are recharged to the client. The Tribunal agreed with HMRC that in the case in point these recharges were not disbursements and therefore VAT was properly due.
In the current environment of falling Corporation Tax rates and with a continued reluctance for Income Tax rates to be raised, Indirect Taxes are increasingly viewed by Governments across the Globe as a legitimate way of balancing the books. Here we outline 10 different areas of potential risk and opportunity within VAT and indirect taxes for the retail sector.
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