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Where Taxpayers and Advisers Meet

Search found 19 matches

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by Trevor S
Mon Apr 22, 2019 10:22 pm
Forum: VAT & Excise Duties
Topic: 5% Vat on renovation.
Replies: 3
Views: 76

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: 76

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...
by Trevor S
Fri Apr 19, 2019 10:59 pm
Forum: VAT & Excise Duties
Topic: Companies charge VAT on goods that normally are treated as zero-rated for VAT purpose upon sale to EU VAT customer
Replies: 1
Views: 62

Re: Companies charge VAT on goods that normally are treated as zero-rated for VAT purpose upon sale to EU VAT customer

Although I'm not involved with the sale of cars, or the company quoted, I think I can see what's going on here... The sale of cars to any customer in the UK, or a non-business customer elsewhere, would be subject to UK VAT. The supplier can only zero rated the supply to the foreign business customer...
by Trevor S
Sun Apr 07, 2019 3:17 pm
Forum: VAT & Excise Duties
Topic: Record keeping under MTD for VAT
Replies: 4
Views: 122

Re: Record keeping under MTD for VAT

I would consider that individual supplies are covered by MTD, and the supplies are made by individual suppliers to you, not by the credit card company. However... how are you currently arriving at the VAT figure? Presumably this isn't shown on the credit card bill, so you're either adding it up on a...
by Trevor S
Sun Apr 07, 2019 3:01 pm
Forum: VAT & Excise Duties
Topic: New Startup as a Smallholder VAT
Replies: 1
Views: 68

Re: New Startup as a Smallholder VAT

You can reclaim VAT on pre-registration costs of the business - up to 6 months for services, or 4 years for goods that you still own. Alternatively, you may want to consider voluntary registration. The £85k turnover threshold is where registration is compulsory, you can register voluntarily before t...
by Trevor S
Thu Mar 28, 2019 8:34 am
Forum: VAT & Excise Duties
Topic: VAT and USA
Replies: 2
Views: 134

Re: VAT and USA

I'm assuming that you are only contacted to company A, and that there is no direct contractual relationship between you and company B. If so, my view is that you only need to consider your transaction with A - whom A chooses to make onward supplies to us their issue. Its only due to the nature of th...
by Trevor S
Fri Mar 22, 2019 9:16 am
Forum: VAT & Excise Duties
Topic: VAT (what else) and 2 clients
Replies: 2
Views: 118

Re: VAT (what else) and 2 clients

If your clients are not in business, place of supply is where you are based (UK), and VAT is chargeable on the full supply. If your clients are in business, the place of supply is where their businesses are established (which may or may not be where the specific individuals that you are dealing with...
by Trevor S
Wed Mar 13, 2019 7:48 pm
Forum: VAT & Excise Duties
Topic: Separation
Replies: 6
Views: 163

Re: Separation

Thanks for the clarification - so the arrangements would be largely as I assumed. First point- whether its the website or the eBay site that you chose to retain won't make any difference to whether they're accepted as separate businesses. I'm still of the opinion that you may struggle to convince HM...
by Trevor S
Tue Mar 12, 2019 6:43 pm
Forum: VAT & Excise Duties
Topic: Separation
Replies: 6
Views: 163

Re: Separation

Perhaps I've misread the original question. But as the title is separation, I'm assuming the proposed arrangement is that: - parent sells website to son, but retains eBay site - son and parent both buy goods for their sites - parent provides an order fulfillment service for son - son's turnover is t...
by Trevor S
Sun Mar 10, 2019 6:17 pm
Forum: VAT & Excise Duties
Topic: Share of commission / rebate
Replies: 0
Views: 78

Share of commission / rebate

The arrangements are that booking company (B) has signed up a number of venues. Hirers (H) contacts B with their requirements, and B provides a shortlist of suitable venues. H selects their preferred venue (V), and B makes the booking with V. V invoices H directly. VAT treatment is straight forward ...

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