VAT and value shifting
Executive summary
AAT supports the proposals to legislate to prevent inappropriate value shifting but believes they need to be widened beyond those contained within this consultation document.
We agree that legislation will provide legal certainty and make the calculation of VAT for mixed supplies more straightforward, thus levelling the playing field for many businesses. However, if the government is serious about its intention to level the playing field for all businesses then the abuse created by VAT value shifting in relation to mail order imports from outside the UK must also be addressed.
Related consultation responses
VAT and the sharing economy
AAT believes the sharing economy offers a range of employment and consumer benefits to the British economy. However, we have concerns about its tax treatment.
Reduction and consolidation of HMRC statistics publications
Our response includes comments on proposed changes to publications on capital taxes, Income Tax statistics, VAT, and pensions and savings.
