Investment Banks facing higher VAT costs?
Organisations that provide research notes and similar financial briefings without charging for them may be facing increased VAT costs. We hear that Customs have decided that "free" briefings of this kind cannot be used to justify VAT recoveries.
VAT on inducement payments?
Businesses that make payments to their customers to facilitate a transaction may be able to save VAT. Customs recently issued new guidance in relation to their policy on inducement payments made by landlords to tenants and we hear that the new policy is being applied to other inducement payments paid by other suppliers to customers, as well as to agreements between landlords and tenants.
