Tuesday, May 17, 2022

Tag: S31

HMRC ‘carefully considering’ Tribunal decision on VAT refunds as days to appeal count down

HMRC VAT offices tribunal appeal
By Thursday, HMRC will be past the half-way point of the allocated time-frame of 56 days to appeal the First Tier Tribunal decision in the Rank versus HMRC case. Last week, though, the tax office updated Coinslot of its position regarding an appeal, stating: “We are carefully considering the FtT decisions before deciding on next steps.”

Bacta calls on Treasury to speed up process for VAT refunds

Bacta HMRC letter VAT refunds delay
It’s only taken 20-plus years to get VAT refunds on the go, and we’re still not there yet. Since the late 1990s, and through to 2013, businesses in the gaming machines sector were paying VAT on non-vatable products, and thanks to the courts, they have been due a refund on the first tranche of that overpayment - estimated at circa £500-750 million - for well over a year now.