Follow that cab!

There are several great mysteries about taxis. When they are plentiful say at a train station or airport why do they form a long line one way while people queue up in a long line the other way embarking one at a time where the two lines meet? A Nobel Prize to whoever can solve that one. Another riddle: when it's raining or when there's a tube strike where do all the taxis disappear to? The answer may be that they are poring over the latest VAT tribunal reports. Five cases in the last few months show how a little difference in running your business — or in presenting your case to the court — can make a big difference to your VAT liability.

Triangles

In 'Mine's a treble' (Taxation 5 July 2007 page 8) Neil Warren described the problems of triangular transactions...