Angel is an ACCA qualified VAT Manager with extensive experience advising private individuals and companies on international transactions, Tour Operator Margin Schemes (TOMS), VAT for Restaurants including zero rated and cold-food, VAT on property transactions and HMRC VAT inspections.
Following the recent Wickford Developments decision, any property developer who has been refused VAT refunds on installing manual roller blinds into new homes should review the VAT lost in the past 4 years with a view to making a claim from HMRC. This decision follows that of an earlier case that HMRC chose to ignore (John Price) and HMRC were criticised for continuing with a policy that the courts had disagreed with.
HMRC are targeting UK residents that hold high-yield Rupee deposit account or NRI fixed-deposit account in India. In the latest batch of letters is a ‘Certificate of Tax Position’ prompting those with undeclared assets in India to declare under the Worldwide Disclosure Facility (WDF).
Our Specialist VAT team was approached by a well-known artist who was concerned about the VAT treatment on the sale of his works by an international gallery. The international gallery, who was represented by an accountancy firm with limited experience in dealing with art, incorrectly advised our client that VAT should not be charged on the basis that the painting had been exported outside the EU.