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Where Taxpayers and Advisers Meet

Search found 27 matches

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by Trevor S
Thu Jul 11, 2019 10:50 pm
Forum: VAT & Excise Duties
Topic: Import Duties on Competition Prize
Replies: 3
Views: 171

Re: Import Duties on Competition Prize

Purely out of curiosity ... any thoughts on what the position would be if the scenario was reversed - i.e. a competition run by UK company, with a winner outside the EU? Normal business gift rules would permit input VAT recovery on the purchase of the prize, but require an equal output VAT declarati...
by Trevor S
Wed Jul 10, 2019 10:55 pm
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 11
Views: 445

Re: 5%VAT conservatory Roofs/conversions

The only types of ESM that this change removes completely from eligibility for the 5% VAT rate are wind and water turbines - so not relevant to your client. However, there was doubt expressed earlier in this thread as to whether the works would even qualify under the existing rules as being the inst...
by Trevor S
Wed Jul 10, 2019 5:57 pm
Forum: VAT & Excise Duties
Topic: Import Duties on Competition Prize
Replies: 3
Views: 171

Re: Import Duties on Competition Prize

See HMRC notice 252 (link below), in particular sections 12, 4 and 24. It appears that duty/VAT would be due, as free of charge goods are valued at the usual value of identical goods, rather than the (nil) price paid. https://www.gov.uk/government/publications/notice-252-valuation-of-imported-goods-...
by Trevor S
Wed Jul 10, 2019 1:05 pm
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 11
Views: 445

Re: 5%VAT conservatory Roofs/conversions

A final version of the HMRC document has now been produced, this includes details of a named contact in HMRC:

https://www.gov.uk/government/publications/vat-changes-to-the-reduced-rate-for-energy-saving-materials-2019/vat-changes-to-the-reduced-rate-for-energy-saving-materials-2019
by Trevor S
Thu May 23, 2019 6:38 pm
Forum: VAT & Excise Duties
Topic: Whether to charge VAT on performance fees
Replies: 2
Views: 110

Re: Whether to charge VAT on performance fees

The lack of responses so far may be due to the complexity, and the fact that a lot is dependent upon the exact contractual relationships between the various parties. I’ll set out my thoughts in case they help, and also detail the assumptions that they are based on. If the contractual arrangements ar...
by Trevor S
Thu May 16, 2019 11:25 pm
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 11
Views: 445

Re: 5%VAT conservatory Roofs/conversions

The legislation is http://www.legislation.gov.uk/ukpga/1994/23/schedule/7A, groups 2 and 7. This leads to much the same conclusion as the notices already referred to.
by Trevor S
Mon May 13, 2019 10:55 pm
Forum: VAT & Excise Duties
Topic: Will I Pay VAT?
Replies: 4
Views: 189

Re: Will I Pay VAT?

Thanks Les. Not something that I'd been aware of before, but it does make sense!
by Trevor S
Sat May 11, 2019 5:58 pm
Forum: VAT & Excise Duties
Topic: Will I Pay VAT?
Replies: 4
Views: 189

Re: Will I Pay VAT?

The "place of supply" of digital services under EU/UK VAT rules is generally where the customer is based. Therefore, if your only customer is the US based business, you will not need to (or be able to) register for VAT. However - I don't know what the US tax regulations are. If your supplies are dee...
by Trevor S
Mon Apr 22, 2019 10:22 pm
Forum: VAT & Excise Duties
Topic: 5% Vat on renovation.
Replies: 3
Views: 391

Re: 5% Vat on renovation.

I suppose the "logic" is that the reduced rate is designed to make it cheaper to bring unoccupied property back into use. The extra requirements attached to the second clause (applicable only to work started after the property is reoccupied) ensure that scope of the reduced rating is limited to that...
by Trevor S
Sun Apr 21, 2019 11:33 pm
Forum: VAT & Excise Duties
Topic: 5% Vat on renovation.
Replies: 3
Views: 391

Re: 5% Vat on renovation.

Not an area of VAT that I've been involved in before. But the wording of the law is a good place to start! The law for the 5% rate on renovation is at http://www.legislation.gov.uk/ukpga/1994/23/schedule/7A/part/2/chapter/7 I've only glanced through quickly, and obviously my only knowledge of the pr...

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