VAT comes back to haunt you (Record no. 76292)

MARC details
000 -LEADER
fixed length control field 01322cab a2200205 4500
001 - CONTROL NUMBER
control field ##L131912
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 051215n2005 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u131912
041 #0 - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Elliott, Graham
245 00 - TITLE STATEMENT
Title VAT comes back to haunt you
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2005
490 #0 - SERIES STATEMENT
Series statement Estates Gazette
Volume/sequential designation (549) 10 December 2005, 86(1)
520 ## - SUMMARY, ETC.
Summary, etc. Purchasers of commercial property commonly have problems with obtaining evidence of the vendor's right to charge VAT. This usually centres on the vendor's election to waive exception. There is relatively little clarification available from VAT tribunal decisions. Looks at "Marlow Gardner and Cooke Ltd Directors' Pension Scheme v HM Revenue and Customs Commissioners" ([2005] UKVAT V19326) and "Fencing Supplies Ltd" ([1993] VATTR 302, VAT Dec 10451). Highlights that vendors can waive exemption from VAT without knowing that they have done so, that an obligation to pay VAT may arise years after the purchase was finalised and that the distinction between making an election and notifying it is critical.
590 ## - LOCAL NOTE (RLIN)
Local note IKA030106
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element MARLOW GARDNER & COOKE LTD DIRECTORS PENSION SCHEME V REVENUE & CUSTOMS COMMISSIONERS
650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element FENCING SUPPLIES LTD
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY TAXATION
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 15/12/2005   L131912 131912-1001 06/08/2019 1 06/08/2019 Journal article