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Where Taxpayers and Advisers Meet

Search found 552 matches

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by les35
Fri Aug 09, 2019 8:16 pm
Forum: VAT & Excise Duties
Topic: VAT relief on legal fees for community hall
Replies: 5
Views: 676

Re: VAT relief on legal fees for community hall

You don't have to register for VAT to benefit from zero-rating. In fact, depending on precisely what you do, you may not be able to. (I'm afraid that's where it can get quite tricky!)
by les35
Fri Aug 09, 2019 4:59 pm
Forum: VAT & Excise Duties
Topic: Vat on Sponsorship
Replies: 2
Views: 543

Re: Vat on Sponsorship

The supplier may be able to use Reverse Charge wording on his invoice. This will mean he does not need to account for VAT. But will need some detailed advice to confirm it is appropriate.
by les35
Fri Aug 09, 2019 4:57 pm
Forum: VAT & Excise Duties
Topic: VAT relief on legal fees for community hall
Replies: 5
Views: 676

Re: VAT relief on legal fees for community hall

HMRC Notice is 708, and worth a read. Para 14.7.4, defining 'village halls' is wrong, though! If a discrete part of the building will be used for non-eligible activities, then that part will be standard rated. (We provide advice to many charities on zero rating of new community buildings. Do DM for ...
by les35
Wed Jul 24, 2019 3:41 pm
Forum: VAT & Excise Duties
Topic: I must pay VAT?
Replies: 1
Views: 461

Re: I must pay VAT?

You should meet with an Accountant urgently to discuss these issues.
You may be able to register for VAT anyway to reclaim VAT incurred in the UK.
And, where you stock does not enter the UK, you will still need to retain evidence of shipping and delivery, etc.
by les35
Tue Jun 25, 2019 5:27 pm
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 11
Views: 1267

Re: 5%VAT conservatory Roofs/conversions

This issue has been in the press recently, as such installations will generally revert to 20% from 1 October 2019.
by les35
Tue Jun 04, 2019 9:57 am
Forum: VAT & Excise Duties
Topic: Buying from the UK but being charged VAT
Replies: 1
Views: 480

Re: Buying from the UK but being charged VAT

The UK freight forwarder should be registered for VAT, and then zero-rate his exports. Can you explore that option?
by les35
Mon May 13, 2019 8:20 am
Forum: VAT & Excise Duties
Topic: Will I Pay VAT?
Replies: 4
Views: 567

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: 2
Views: 510

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: 149

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: 2582

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.

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