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GST

BadTimingWeb
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A case of bad timing?

The taxpayer in GBI v Comptroller of Goods and Services Tax [2016] SGGST 1 was held accountable for deemed output tax on an immovable property upon the cessation of its GST registration based on the price of the property in a sale days after the GST deregistration. Could this have been avoided?

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Partnerships
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Income earned through partnerships

Where an individual taxpayer carries on business both as a sole-proprietor and through a “partnership”, does the income of the partnership add to the individual’s taxable turnover for GST registration purposes? The UK First-Tier Tribunal (Tax Chamber) (FTT) in Dean Jason Butler v HMRC [2016] UKFTT 0666 (TC) rejected the taxpayer’s argument that part of his income was earned through a “partnership” and found him liable to register for VAT based on his combined income.

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