UK'S LARGEST INDEPENDENT TAX WEBSITE
Are you a member ?
|
Home > Tax News > VAT & Excise Duties > HMRC Revises VAT Guidance on Business Entertaining
HMRC Revises VAT Guidance on Business Entertaining Print E-mail
User Rating: / 0
PoorBest 
Share on Facebook

HM Revenue & Customs has updated its VAT Notice 700/65 Business Entertainment to take account of changes in the rules relating to entertaining overseas customers.

This has proved necessary in light of the ECJ ruling in the case of Danfoss and AstraZeneca (Case-371/07), wherein the ECJ found fault with HMRC's previous position of rejecting any VAT claim for business entertaining in any circumstances.

The guidance does its best to limit the scope of any possible reclaim, as did the preceding Revenue & Customs Brief 44/10 - VAT: Change in the Tax Treatment of Entertainment of Overseas Customers. One key factor will be any corresponding Output VAT charge relating to "private use" in respect of the entertainment. 

For further information, please also see our article - That's Entertainment!

Comments
Only registered users can write comments!

About The Author

TW Articles Editor
Lee is TaxationWeb's Articles & News Editor and writes for TaxationWeb. He is a Chartered Tax Adviser with experience of advising individuals and owner-managed businesses over a broad spectrum of tax matters.

Article Added Tuesday, 22 November 2011 | 1269 Hits

 

Your attention is drawn to the disclaimer on this site, which applies to the content in this section. The content is based on tax legislation in operation at the time of publication, which may subsequently have changed. Whilst every care has been taken in its production, neither the author nor TaxationWeb Ltd. can accept responsibility for any action undertaken or refrained from as a consequence of this material.

3 FREE issues of Tax Insider Magazine

Sweet and Maxwell

Tax Books

BOOK OF THE WEEK

Core Tax Annuals 2013/14 Full Set

Includes six Core Tax Annuals plus CD-ROM and are all fully updated to the latest Finance Act

BOOK OF THE MONTH

Core Tax Annuals 2013/14 Extended Set

The Core Tax Annuals Extended Set includes 8 books
Booth and Schwarz: Residence, Domicile and UK Taxation, 17th edition

Booth & Schwarz: Residence, Domicile and UK Taxation, 17th edition provides a crisp analysis of this rapidly developing subject and expertly examines residence and other fiscal connections for individuals, companies and trusts.
Taxation of Small Businesses (4th ed)

A practical guide to all aspects of direct taxation of small businesses in one volume. Ideal for sole practitioners and small partnerships, but a handy guide for all tax advisers.
Tax software - Incorporation Calculator

2013/2014 Incorporation Calculator now available from Finansol Tax Calculators - suppliers of tax software to accountants, tax advisers and businesses since 1999.
Hitwise Award Winner Apr-Jun 2008 Hitwise Award Winner Jul-Sep 2008 Hitwise Award Winner Oct-Dec 2008 Hitwise Award Winner Jan-Jun 2009 Hitwise Award Winner Jul-Dec 2009 Hitwise Award Winner 2011 Alexa - Most popular news and media website

TaxationWeb Limited (Registered in England No. 4571386), 6 Coleby Avenue, Peel Hall, Manchester, M22 5HH, United Kingdom

By using this website, you agree to using cookies. Cookies are small text files stored on your browser when you use websites and applications (learn more about cookies).
You can control how websites use cookies by configuring the privacy settings within your browser (please refer to your browser help function to learn more about cookie controls).
Note that if you disable cookies entirely, there are parts of this website which may not function properly (e.g. logging in, commenting, etc).

Website by Dorifor Internet Marketing