000 01486cab a2200205 4500
001 L129512
008 050426n2005 000 0 eng u
035 _a(Sirsi) u129512
041 _aeng
100 _aCooper, Keith
245 _aTax clampdown could cost associations millions in VAT
260 _c2005
490 _aInside Housing
_v22(15) 15 April 2005, 5(1)
520 _aOrganisations that use tax avoidance schemes where projects are separated off from the main business for accounting purposes, could be breaking European tax rules after a European Court of Justice adviser has found in favour of the Customs and Excise Commissioners in a recent case, "Halifax plc and others v Customs and Excise Commissioners" (7 April 2005, C-255/02). Such vehicles are used by some housing associations to avoid paying VAT on major development or refurbishment projects. They could be forced to stop using such schemes and face large VAT bills. Housing associations should review tax avoidance schemes that have been challenged by the Customs and Excise in the past.
590 _aIKA290405
650 _aHALIFAX PLC, LEEDS PERMANENT DEVELOPMENT SERVICES, COUNTY WIDE PROPERTY INVESTMENTS LTD V COMMISSIONERS OF CUSTOMS AND EXCISE
690 _aPROPERTY-PROPERTY FINANCE AND INVESTMENT
856 _uhttps://www.insidehousing.co.uk/tax-clampdown-could-cost-associations-millions-in-vat/1446468.article
_zView the document free of charge at www.insidehousing.co.uk...
942 _n0
999 _c75139
_d75139