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HMRC is stepping up its challenge to input tax recovery on repair services under warranty, or similar policies. 

Businesses supplying electronic services, telecommunications or broadcasting need to start planning now for system changes and overseas VAT registrations.

HMRC is undertaking VAT-specific audit initiatives across a broad range of industry sectors and raising an increased number of VAT assessments with penalties. 

A successful First Tier Tribunal appeal over a c. £70,900 HMRC penalty for being one day late with a VAT return and payment has opened up opportunities for challenging VAT surcharge notices unfairly issued by HMRC.

Following recent European VAT cases, employers and Pension Funds should consider a pension scheme health check to identify VAT claim opportunities and achieve future VAT efficiency.