A case at the European Court of Justice suggests that the issuing of shares may not be an economic activity, meaning VAT should be recoverable.
A second VAT tribunal case also decided that where VAT related to an AIM listing is incurred for two purposes, a share issue and to enhance the trading ability/reputation of the company, the costs are considered to be general overheads. In such a case, VAT would be recoverable.
PKF is advising companies to make protective claims now so that the VAT doesn’t fall out of time, which takes three years.
Financial Director takes a more in-depth look at the EU's second attempt at introducing a common consolidated corporate tax base (CCCTB) announced yesterday
The relaunched Common Consolidated Corporate Tax Base (CCCTB) aims to deter multinationals from setting up complex structures reduce their tax liability - by making it easier and cheaper to do business
Shared Services Centres will come under the gaze of regulators under country-by-country tax reporting rules. Michelle Perry discusses where the line might be drawn on your corporate's tax bills
Some of the UK’s top companies are failing to adequately report poor performance and sometimes obscure their true profit figures