TITLE

Debt management company likely to win millions in VAT battle

PUB. DATE
April 2006
SOURCE
Credit Control;2006, Vol. 27 Issue 4/5, p75
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the triumph of Baines & Ernst in a Court of Appeal battle with the taxman for the return of three years value-added tax (VAT) payments. The company sought repayment of VAT for the three years from 2000 to 2003, following a VAT tribunal ruling in 2002 that debt management services were exempt for VAT purposes. The taxman argued that, as the debt managers had passed the VAT charges on to customers, to allow the claim would constitute unjust enrichment.
ACCESSION #
24038843

 

Related Articles

  • Private tuition exempt -- for now.  // Accountancy;May2005, Vol. 135 Issue 1341, p129 

    States that the Edinburgh VAT tribunal has ruled that Great Britain value-added tax legislation contradicts overriding European Union 6th Directive legislation with respect to the breadth of the exemption for private tuition in the case of Empowerment Enterprises. Details on the case.

  • Agency, or supply in the course of a business. Squires, Michael; Keenan, Denis // Accountancy;Oct80, Vol. 91 Issue 1046, p101 

    This article looks at the court ruling in the case Remington Harvard Nornman versus Commissioners of Customs and Excise in Great Britain which deals with value added tax (VAT) treatment of extra service and supplies extended to clients in the course of a business. Mr. Norman, the appellant,...

  • TEACAKE VICTORY OPENS DOOR FOR VAT CLAIMS.  // Accountancy;Mar2009, Vol. 143 Issue 1387, p14 

    The author reports on a ruling that has been made in a court case involving Marks & Spencer Group PLC in regards to value added tax (VAT). The court found that Marks & Spencer should have been refunded VAT that they paid. Speculation that has been raised regarding the implications of this court...

  • New issue of shares is a supply. Elliott, Graham // Accountancy;May2000, Vol. 125 Issue 1281, p137 

    The High Court has upheld a previous tribunal decision to the effect that the new issue of shares is a supply for value-added tax purposes. Mirror Group PLC had argued that the issue of shares was a non-supply, since it did not specifically transfer value from one party to another, as would be...

  • Extension or annexe? Elliott, Graham // Accountancy;May2000, Vol. 125 Issue 1281, p137 

    This article reports on an attempt made by the High Court to clarify the decision-making process determining whether buildings added to other buildings are to be treated as an annexe or as an extension. The distinction is important in that certain cases where the construction does not constitute...

  • Road fuel no longer mileage based.  // Accountancy;May2005, Vol. 135 Issue 1341, p129 

    Reports on the ruling of the European Court of Justice against the legality of Great Britain's rule of allowing value-added tax to be reclaimed on a business mileage calculation.

  • FOREIGN EXPERIENCE WITH A VALUE ADDED TAX. Cohen, Edwin S. // National Tax Journal;Sep71, Vol. 24 Issue 3, p399 

    No abstract available.

  • Proposed legislation regarding Canada's harmonized sales tax.  // Tax Executive;Jan/Feb97, Vol. 49 Issue 1, p86 

    Reprints the testimony presented by the Tax Executives Institute (TEI) to the House of Commons Standing Committee on Finance concerning the proposed legislation regarding Canada's harmonized sales tax. Harmonizing of provincial retail sales taxes with the goods and services tax (GST);...

  • VALUE ADDED TAX.  // Accountancy;Jan1984, Vol. 95 Issue 1085, p23 

    Reports that supplies of securities are exempted from value-added tax (VAT) unless made to a person who belongs outside the European Economic Community (EEC) or the Isle of Man. Zero-rated for sales transacted in other countries; Customs' approval of the general applications of arrangements to...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics