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Where Taxpayers and Advisers Meet

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by les35
Fri Jan 11, 2019 12:55 pm
Forum: VAT & Excise Duties
Topic: Place of supply + reverse charge for non-EU service invoices
Replies: 3
Views: 82

Re: Place of supply + reverse charge for non-EU service invoices

I think this is a General Rule service, so the Place of Supply is where the recipient is located, ie: UK. Reverse Charge applies.
by les35
Mon Jan 07, 2019 5:10 pm
Forum: VAT & Excise Duties
Topic: Is this Artificial separation?
Replies: 3
Views: 106

Re: Is this Artificial separation?

Given the distinctions between the existing and the new business, I think HMRC would struggle to challenge your arrangement. But you will want some advice to review the arrangements, and perhaps highlight and address any weaknesses.
by les35
Mon Jan 07, 2019 5:05 pm
Forum: VAT & Excise Duties
Topic: Vat on property development
Replies: 7
Views: 225

Re: Vat on property development

There is no problem!
Where the lease is properly zero rated, you can claim all input tax incurred, subject to the usual rules.
Don't lose sleep over this one.
by les35
Fri Jan 04, 2019 3:10 pm
Forum: VAT & Excise Duties
Topic: VAT rate for baby changing bags
Replies: 1
Views: 70

Re: VAT rate for baby changing bags

Not zero rated, as not clothing. (Unless it includes some items of children's clothing.)
Not reduced rated.
So must be standard rated.
by les35
Thu Jan 03, 2019 5:42 pm
Forum: VAT & Excise Duties
Topic: Vat on property development
Replies: 7
Views: 225

Re: Vat on property development

If the supplies are zero rated, then register for VAT, and reclaim input tax. You can back-date such registration up to four years.
by les35
Fri Dec 28, 2018 10:55 am
Forum: VAT & Excise Duties
Topic: Vat on property development
Replies: 7
Views: 225

Re: Vat on property development

If A's supplies are exempt, it cannot claim the VAT at 5%. (If you have converted a commercial building, is the resulting structure 'dwellings' or 'RRP'? - the scheme may not be eligible for 5%.) A (Skyline?) cannot claim VAT on gas and electricity since the supply is an exempt lease. What will you ...
by les35
Mon Dec 10, 2018 10:37 am
Forum: VAT & Excise Duties
Topic: VAT liability on 2nd business
Replies: 20
Views: 751

Re: VAT liability on 2nd business

VAT law considers the 'person,' not the business. So two sole trader businesses are a single 'person' for VAT purposes. If the aggregate taxable turnover exceeds £85k you have to register for VAT.
by les35
Fri Nov 30, 2018 12:11 pm
Forum: VAT & Excise Duties
Topic: VAT on fire and fireplace installed in new build before completion
Replies: 3
Views: 172

Re: VAT on fire and fireplace installed in new build before completion

I would expect the installation of a fire place to be zero rated. It becomes part of the fabric of the building; it is 'ordinarily installed/incorporated.' The builder should have no problem with this. AND he should not charge you the VAT.
by les35
Wed Nov 07, 2018 7:55 pm
Forum: VAT & Excise Duties
Topic: Charitable Trust & VAT
Replies: 2
Views: 184

Re: Charitable Trust & VAT

This might work; you should read VAT Notice 749 which deals with the way Parish Councils can reclaim VAT.

If the Council is a subscriber to the national body SLCC, there is a VAT Specialist who will be able to help.
by les35
Tue Oct 30, 2018 5:06 pm
Forum: VAT & Excise Duties
Topic: Limited Company VAT on New Build
Replies: 1
Views: 206

Re: Limited Company VAT on New Build

You can claim VAT back.
Sale of a new dwelling is zero rated. Sale of a new commercial building is standard rated.
Monthly VAT returns during the building phase?

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