{"product_id":"vat-and-financial-services-paperback","title":"Vat and Financial Services - Paperback","description":"\u003cp\u003eby \u003cb\u003eMark Chesham\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003ci\u003eVAT and Financial Services\u003c\/i\u003e takes the reader through the relevant legislation and case law, the legal concepts such as time and place of supply, the distinction between goods and services, what is taxable, and the interaction of these elements; examines the consequences of outsourcing (through a detailed study of 10 significant cases); looks at the key issues facing financial services and insurance; and then discusses the VAT cost sharing exemption. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eSince the third edition, there have been significant developments, including (most obviously) Brexit. \u003cp\u003e\u003c\/p\u003eThe key VAT change is that EU legislation is no longer primary legislation (although many EU VAT principles, obligations and rights have been 'retained') and ECJ court decisions are, in general, no longer binding although 'a court or tribunal may have regard to anything done on or after exit day by the European Court, another EU entity or the EU so far as it is relevant to any matter before the court or tribunal' (\u003ci\u003eEuropean Union (Withdrawal) Act, 2018\u003c\/i\u003e s6(2)). Also, the Court of Appeal decision in \u003ci\u003eHMRC v Perfect [2022] EWCA Civ 330\u003c\/i\u003e, which is an excise duty case but more widely applicable, confirmed that decisions from any referrals to the ECJ made before 31 December 2020 remain binding on the UK even if the decision is issued after that date. \u003cp\u003e\u003c\/p\u003eIn addition to this general change, there have been some more specific changes, for example the changes to the \u003ci\u003eVAT (Specified Supplies) Order 1999\u003c\/i\u003e, which now treats supplies to persons in the EU in the same way as supplies to persons outside the EU and some changes to the status of EU pension funds. \u003cp\u003e\u003c\/p\u003eA further change has been to the status of Cost Sharing Groups, an arrangement that allows persons who carry on certain activities to form a group to share costs without creating sticking VAT. As Cost Sharing groups are no longer available to the financial services and insurance sectors, the chapter and appendix covering these have been removed from this edition. \u003cp\u003e\u003c\/p\u003eAppendices include: contracts of insurance; Lloyd's VAT arrangements; HMRC ABI partial exemption guidance for the insurance sector; TOGC legal extracts; and the VAT territory of the EU. \u003cp\u003e\u003c\/p\u003eFinance directors and finance controllers in the financial services and insurance sectors and at those who advise these sectors should all find the book helpful.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eMark Chesham\u003c\/b\u003e has specialised in advising businesses in the financial services and insurance sectors for nearly 25 years. He started with HM Customs and Excise, working in a specialist insurance team, before spending 15 years in two of the 'Big 4' accounting firms. He set up his own consultancy practice in 2005 and is now Director of Indirect Tax Services at Moore Stephens. He is a member of the Chartered Insurance Institute and the VAT Practitioners Group. He can be contacted at mark.chesham@moorestephens.com.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 263\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.6 x 9.5 x 6.25 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 28, 2022\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42719872712767,"sku":"9781913507275","price":92.88,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/c7ceff939e5f34268ddf3a34824c9661.webp?v=1765087185","url":"https:\/\/dhl-adrianne.myshopify.com\/products\/vat-and-financial-services-paperback","provider":"BBB","version":"1.0","type":"link"}