Q: My client is an independent mortgage advisor, who is not VAT registered. Her turnover is above £85,000 and all of her income is either commission, which is paid by UK lenders, and flat fees received from customers seeking a mortgage. In the last … Continue reading VAT Question Of The Week – Financial Intermediaries
My client recently purchased an empty 3 bedroom bungalow that hasn’t been lived in for 4 years. He intends to spend £30k extending and refurbishing the property into a 4 bedroom house, which he and his family will move in to. He has the skillset to … Continue reading VAT Question Of The Week – Renovation Of An Empty Dwelling
On 1st October 2019, changes are coming for those in the construction industry as the new VAT reverse charge system is introduced. Brexit will not impact this change as it is a domestic VAT rule. So here we aim to answer some FAQs for those that will … Continue reading VAT Domestic Reverse Charge For Construction – What You Need To Know.
Making Tax Digital Is Live Making Tax Digital (MTD) is live for VAT and has been since 1st April, and yet here we are 4 months on with business owners still struggling to comply, whether it's filing or making payments, only today business owners … Continue reading Are You Struggling with HMRC’s Making Tax Digital?
A client purchased a car for use in her business, which the dealer said was a qualifying car. My client took this to mean that she can recover the VAT but I disagree. Obviously, my view has not gone down well with the client, but am … Continue reading Vat Question Of The Week – Qualifying Cars
Q: A client is an insurance company, they are VAT registered and partially exempt (85% exempt/15% taxable). They have invested £200,000 in bespoke computer software. The software was written for them by an Israeli company, who are … Continue reading Vat Question Of The Week – Reverse Charge From Overseas
Q My client is a UK VAT registered recruitment agency specialising in temporary staffing within the advertising industry. As my client has the contacts, he was approached by a start-up UK marketing consultancy to help them find new contracts, and he … Continue reading VAT Question Of The Week – INTERMEDIARY SERVICES
Q: A client is planning major renovations to her home to make it more “eco-friendly”. This will involve the installation of a number of energy-saving materials such as solar panels, insulation, and an air source pump to provide both heating and … Continue reading VAT Question Of The Week – Energy Saving Materials
Q My client is an amateur dramatic society operating via a company limited by guarantee. They own their own premises and charge admissions to their productions. The admissions have grown to £80,000 in the last 12 months, and alongside … Continue reading VAT Question Of The Week – Cultural Admissions
I have recently been reading up about the domestic reverse charge for construction services which comes in in October 2019, including the helpful VQOTW (14 June 2019), but this has got me wondering whether there are any other reverse charges in the … Continue reading VAT Question Of The Week – Domestic Reverse Charges
Can you claim pre-registration input tax if using Flat Rate Scheme or should you register under the normal scheme then change later? Input tax incurred after the effective date of registration is not recoverable, under flat rate rules, … Continue reading VAT Pre-Registration Claims Under Flat Rate Scheme
Our client is a small retailer specialising in bespoke clothes, and all sales to date have been within the UK. To expand her customer base, she is launching a website and planning to sell through Amazon. What VAT consequences does she need to … Continue reading Distance Selling in the EU – VAT Consequences