Record keeping for small businesses

HMRC announced on 21 February 2011 that it intends to start checking that small businesses are keeping their business records up to date. The announcement follows HMRC's consultation document issued on 17 December 2010 setting out its proposals on...

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VAT for hot take away food

The European Court of Justice ruled on 10 March 2011 that freshly prepared hot takeaway food should be zero rated for VAT purposes.The Court found that the supply of services preceding and accompanying the supply of hot food for consumption...

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Publishing names of deliberate defaulters

From 1 April 2010, persons found to have deliberately evaded tax by HMRC may have their details published if the tax totals...

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Quick Response Mechanism to combat VAT

The European Commission has proposed from 31 July 2012 a Quick Response Mechanism (QRM) to combat VAT MTIC, carousel fraud. Member States would be able to apply, within the space of a month, a “reverse charge mechanism” which makes the...

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