Compensation And The Question Of VAT [On demand]

Dbriefs Webcast

Aired Friday 25 September 2020

Host: Helen Thompson

Presenters: Martin Tooze, Tammy Arendse

HMRC recently published a Revenue and Customs Brief on the VAT treatment of early termination fees and compensation payments, and issued additional new guidance. Whilst the Brief principally focuses on early termination payments, with HMRC updating their position in light of recent CJEU case law developments, it also considers payments for breach of contract and liquidated damages, and explains when HMRC believe such charges are chargeable to VAT. What should your organisation be thinking about? We’ll discuss:

  • The industries and types of transactions which may be affected given wide scope of the Brief. 
  • The retro and prospective impact of the revised guidance.
  • What businesses can do to protect their position.

Find out more about the changes and how these could impact your organisation.

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