Article by Greg Mayne, Director of Indirect Tax Services at Burgess Hodgson
The recent news that Facebook first quarter advertising revenues have soared to over $5bn prompted me to highlight a potential trap for unwary UK businesses.
Any UK operator buying in services from overseas faces a potentially complicated VAT situation, and with the likes of Facebook, Google and LinkedIn currently basing their operations in the Irish Republic and Amazon in Luxembourg the spectre of the ‘reverse charge’ looms large. (more…)
Apples and Pears and Excise Duty
Not so much Cockney rhyming slang (any guesses for what ‘excise duty’ might be slang for?) but more a summary of two pieces of recent news impacting on the alcohol business sector, one coming from the European Commission and the other from HMRC. (more…)
Matthew Sutton, Tax and Business Services Partner at Burgess Hodgson, discusses the recent changes announced with regards to dividends
Owner-managers of companies typically receive three forms of income from their company: salary, interest and dividends.
The salary is a reward for their day-to-day work exactly the same as any other employee or director of the company. (more…)Read More
For many years, critics of the European Union have highlighted some of the unusual – and occasionally bizarre – rulings and legislation that emanate from the various bodies within the Union. The ‘bendy banana’ rule may actually be an urban myth but there are plenty of examples of bureaucracy and red tape that help to keep the headline writers busy. (more…)Read More
Following on from the fairly clumsy introduction of the ‘Mini One Stop Shop’ (‘MOSS’) at the start of the year there has been much comment, criticism and confusion from various sources as to how effective and efficient the new VAT system has been. (more…)Read More