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  • Tips & Advice VAT - New penalty regime confirmed for 2022
    The longstanding default surcharge system will be replaced with a new penalty regime for return periods starting on or after 1 April 2022. How will this affect you?
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  • Tips & Advice VAT - Management fees to connected businesses: VAT trap
    Your sole trader business has had a successful trading year but your company has made losses. Both are registered for VAT. You want to make a management charge to move profits to the company. But does this create VAT issues?
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  • Tips & Advice VAT - Has coronavirus given you a “reasonable excuse”?
    Your business has experienced myriad problems due to coronavirus, including homeworking, cash flow and senior staff illness. Does this give you a reasonable excuse to appeal against any subsequent default surcharge?
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  • Tips & Advice VAT - Selling goods to individuals in the EU: post-Brexit challenges
    One of our subscribers owns a clothes shop but also sells goods on her website. She arranges for the goods to be shipped directly to her customers. She is exporting goods to three different EU countries. How does she deal with the VAT?
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  • Tips & Advice VAT - Building projects: when do you need a VAT certificate?
    Your building business works on projects involving both residential and commercial properties. Some jobs are subject to zero or reduced rates of VAT. Do you always need a VAT certificate from your customer when you charge these lower rates?
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  • Tips & Advice VAT - How to deal with delays in getting the VAT number
    You have started a new company. You applied to register for VAT six weeks ago but have not received the new VAT number. How should you invoice customers in the meantime?
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  • Tips & Advice VAT - Overpayments in car park machines were subject to VAT
    Overpayments in car park machines were subject to VAT..The case. Vehicle owners sometimes don’t have the right amount of money to pay their parking fees. For example, they might put £2 into the machine for an hour’s parking that only costs £1.40, i.e. an overpayment has taken place. Kings Lynn and West Norfolk Council (KLC) submitted a voluntary disclosure to HMRC for overpaid output tax of £4,519 based on VAT accounted for on these overpaid amounts, which was rejected by HMRC. The law. VAT is due on...
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  • Tips & Advice VAT - Lack of knowledge accepted as a reasonable excuse
    Lack of knowledge accepted as a reasonable excuse..The case. Westlow Cricket Club (W) issued a certificate to a building company in March 2013, to secure zero-rated construction services on its new cricket pavilion. HMRC decided the club officials were wrong to do this and used the powers given by s. 62(1) VAT Act 1994 to issue a penalty of £20,937 against the club. HMRC’s logic was that the club did not have charitable status, it was only a Community Amateur Sports Club, which was completely different. The...
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  • Tips & Advice VAT - Do I charge VAT for lessons given in the EU?
    Do I charge VAT for lessons given in the EU?..Q. I am the sole director and shareholder of a UK limited company that gives flying lessons to private individuals, i.e. on a business-to-consumer (B2C) basis, living in Italy, UK and France. The lessons take place in the customer’s own country with the customer providing the aeroplane. I am registered for UK VAT, so do I just charge UK VAT on all of my fees? Has the position changed since we left the EU? A. The general B2C rule means that VAT is usually charged...
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  • Tips & Advice VAT - Can I reclaim VAT on legal fees?
    Can I reclaim VAT on legal fees?..Q. I have formed a limited company which has purchased the freehold of a ten-year old commercial building. I haven’t decided what to do with the building but is it worth registering the company for VAT so that I can claim input tax on the solicitor’s fees linked to the purchase, which were considerable? I haven’t made an option to tax election on the building. A. It seems that you were not charged VAT on the purchase of the building, which is good news. However, the opportunity...
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