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Where Taxpayers and Advisers Meet

Search found 33 matches

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by Trevor S
Thu Nov 14, 2019 7:13 pm
Forum: VAT & Excise Duties
Topic: VAT and services for private or non-business use
Replies: 4
Views: 555

Re: VAT and services for private or non-business use

The guidance in the Input Tax manual may also be relevant, it's split over a number of pages, starting from this one: https://www.gov.uk/hmrc-internal-manuals/vat-input-tax/vit25000

This covers goods/services put to both business and private use and explains when Lennartz can be used.
by Trevor S
Fri Oct 25, 2019 9:12 pm
Forum: VAT & Excise Duties
Topic: Booking.com 5%VAT
Replies: 1
Views: 10569

Re: Booking.com 5%VAT

8% isn't a UK VAT rate, so was this abroad? If so, bear in mind that you can't reclaim the VAT on your UK VAT return.
by Trevor S
Sun Oct 06, 2019 5:43 pm
Forum: VAT & Excise Duties
Topic: Storage firm selling space & offeriing ince cover
Replies: 3
Views: 5666

Re: Storage firm selling space & offeriing ince cover

My thoughts are: For the reasons you've already stated, I would agree that your client is not making exempt supplies of insurance. If your client had acted as some form of "agent" between an insurance company and the end customer, in arranging a policy where the end customer is the named insured par...
by Trevor S
Sun Oct 06, 2019 5:14 pm
Forum: VAT & Excise Duties
Topic: VAT rate changes for EU countries Jan 2020
Replies: 3
Views: 5359

Re: VAT rate changes for EU countries Jan 2020

I agree with Les, Brexit could have an impact, before the rate changes. See HMRC guidance at: https://www.gov.uk/government/publications/vat-for-businesses-if-theres-no-brexit-deal/vat-for-businesses-if-theres-no-brexit-deal My interpretation of this is that if we leave with no deal, the current UK ...
by Trevor S
Wed Jul 31, 2019 10:47 pm
Forum: VAT & Excise Duties
Topic: VAT and credit account payments
Replies: 3
Views: 11176

Re: VAT and credit account payments

Assuming the goods are legally being sold by the merchant to you, then by you to the customer: VAT on your sales is 407.24 - 26.67 = 380.57. This is because you're issuing an invoice and a credit note (for returned goods) to your customer. VAT on your purchases is 357.74 - 34.22 + 18.67 = 342.19. Ag...
by Trevor S
Fri Jul 26, 2019 12:37 pm
Forum: VAT & Excise Duties
Topic: Vat on rental income from Airbnb
Replies: 1
Views: 9831

Re: Vat on rental income from Airbnb

The definition of holiday accommodation (in VAT law) is "any accommodation...which is advertised or held out as holiday accommodation or as suitable for holiday or leisure use". So perhaps consider factors like: - how do you describe the properties, and how might potential customers view them, - how...
by Trevor S
Thu Jul 11, 2019 10:50 pm
Forum: VAT & Excise Duties
Topic: Import Duties on Competition Prize
Replies: 3
Views: 9706

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: 13078

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: 9706

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: 13078

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

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