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Where Taxpayers and Advisers Meet

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by les35
Mon May 13, 2019 8:20 am
Forum: VAT & Excise Duties
Topic: Will I Pay VAT?
Replies: 4
Views: 104

Re: Will I Pay VAT?

A slightly different response to Trevor's: - you are entitled to register for VAT if your customers are US-based businesses. Although the 'Place of Supply' is where the customer belongs, there is a provision that allows registration in this case; and - you do not have to wait for your turnover to re...
by les35
Mon Apr 08, 2019 7:33 pm
Forum: VAT & Excise Duties
Topic: VAT on print and online magazine advertising
Replies: 1
Views: 122

Re: VAT on print and online magazine advertising

There is loads of stuff on the HMRC website, but you have raised a set of inter-dependent questions: - single or multiple supplies: and - place of supply. Each can be tricky; and both together can be pretty complex. Sorry to be a kill-joy, but you should engage a specialist to provide clear written ...
by les35
Wed Mar 27, 2019 7:42 pm
Forum: VAT & Excise Duties
Topic: VAT for a startup
Replies: 1
Views: 91

Re: VAT for a startup

You will not find a simple answer to your question in HMRC guidance.
But if there is a demonstrable link between the input tax incurred and taxable supplies made, input tax is recoverable.
What are your exempt supplies? And what is the link between the development costs and those supplies?
by les35
Mon Mar 25, 2019 10:19 am
Forum: VAT & Excise Duties
Topic: DIY vat reclaim
Replies: 13
Views: 1818

Re: DIY vat reclaim

I am running a similar case due at Tribunal this summer I think.
From conversations with other advisers, it seems clear that HMRC are applying a much stricter test as to when a dwelling is complete.
I'll look out for your decision, Dave.
by les35
Thu Mar 21, 2019 12:34 pm
Forum: VAT & Excise Duties
Topic: VAT (what else) and 2 clients
Replies: 2
Views: 131

Re: VAT (what else) and 2 clients

Place of Supply of legal services provided to business client outside UK, including Africa, is where the supplier is located. You need evidence that they are in business. So, UK VAT does not apply.
But VAT is due on UK to UK supply.
by les35
Thu Mar 14, 2019 7:45 pm
Forum: VAT & Excise Duties
Topic: pre-option expenses
Replies: 1
Views: 124

Re: pre-option expenses

You cannot normally back-date an option to tax.
But, is the contract a rent/lease, or a licence to operate a business which will be taxable anyway.
Some paid-for professional advice Is essential on this type of arrangement.
by les35
Tue Mar 12, 2019 6:06 pm
Forum: VAT & Excise Duties
Topic: Separation
Replies: 6
Views: 195

Re: Separation

The short answer to your question is 'no.'
Does your son want to run a VAT-registered business or not? If so, then you could transfer the business to him, and perhaps draw a commission for your work to set it up.
by les35
Wed Mar 06, 2019 1:27 pm
Forum: VAT & Excise Duties
Topic: Flooring vat zero rated on new build
Replies: 3
Views: 170

Re: Flooring vat zero rated on new build

This is an area that HMRC are looking at at the moment. 'When is a house complete?' After a certain date all works to the house become standard rated since they are not works in the course of construction. Carpets cannot be zero rated. But, if the screeding and installation of flooring is done befor...
by les35
Wed Feb 13, 2019 9:28 am
Forum: VAT & Excise Duties
Topic: revoked option
Replies: 1
Views: 144

Re: revoked option

In principle, yes. Once the Option is revoked there is no self supply charge at deregistration.
Other questions would need to be closed off; partial exemption? CGS, etc?
by les35
Mon Feb 11, 2019 5:08 pm
Forum: VAT & Excise Duties
Topic: VAT from insurance house rebuild
Replies: 3
Views: 193

Re: VAT from insurance house rebuild

HMRC will not generally provide 'advice' to enable you to make the best decision taking into account your particular circumstances.

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