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BIM40150 | Specific receipts: refunds of sums paid as VAT: contents

From HM Revenue & Customs · Business Income Manual

This guidance is concerned with the direct tax treatment of refunds, and interest on those refunds, arising from the operation of the Value Added Tax (VAT) regime.

The majority of such refunds and interest accounted for by businesses are taxable receipts for direct tax purposes.

This is a developing area and, of necessity, guidance cannot cover all conceivable circumstances. Any case of doubt or difficulty should be referred to Business Profits.

Contents18 entries

  1. BIM40153Specific receipts: refunds of sums paid as VAT: overview
  2. BIM40156Specific receipts: refunds of sums paid as VAT: companies with investment business
  3. BIM40162Specific receipts: refunds of sums paid as VAT: finding the right guidance - flowchart
  4. BIM40164Specific receipts: refunds of sums paid as VAT: the starting point for the direct tax analysis
  5. BIM40166Specific receipts: refunds of sums paid as VAT: refund of output tax
  6. BIM40168Specific receipts: refunds of sums paid as VAT: input tax
  7. BIM40170Specific receipts: refunds of sums paid as VAT: refund received by the trader or successor
  8. BIM40171Specific receipts: refunds of sums paid as VAT: VAT groups
  9. BIM40172Specific receipts: refunds of sums paid as VAT: VAT group examples
  10. BIM40176Specific receipts: refunds of sums paid as VAT: refund accounted for someone other than the trader who made the overpayment: introduction
  11. BIM40178Specific receipts: refunds of sums paid as VAT: refund accounted for by someone other than the trader who made the overpayment: payment for services
  12. BIM40180Specific receipts: refunds of sums paid as VAT: refund accounted for by someone other than the trader who made the overpayment: post cessation receipts
  13. BIM40182Specific receipts: refunds of sums paid as VAT: refund accounted for by someone other than the trader who made the overpayment: miscellaneous income
  14. BIM40184Specific receipts: refunds of sums paid as VAT: what happens when refund is repaid to HMRC
  15. BIM40186Specific receipts: refunds of sums paid as VAT: what if the original VAT-paying customer is refunded?
  16. BIM40188Specific receipts: refunds of sums paid as VAT: time limit for claims
  17. BIM40194Specific receipts: refunds of sums paid as VAT: taxation of interest
  18. BIM40196Specific receipts: refunds of sums paid as VAT: Shop Direct Group v Commissioners for Her Majesty's Revenue and Customs [2016] UKSC 7