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Where Taxpayers and Advisers Meet

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by Trevor S
Thu Feb 27, 2020 2:06 pm
Forum: VAT & Excise Duties
Topic: Invoices Pre Registration of VAT
Replies: 4
Views: 1312

Re: Invoices Pre Registration of VAT

I cannot find any guidance about not claiming input tax on materials whilst VAT registered that relate to pre-registration sales Notice 700, section 10.2 effectively states that you can only reclaim input tax that relates to supplies you make which are liable to VAT. The wording of s26(2) of the VA...
by Trevor S
Thu Feb 27, 2020 8:33 am
Forum: VAT & Excise Duties
Topic: VAT and mileage
Replies: 4
Views: 930

Re: VAT and mileage

That's right.

The benefit to your business is the amount of VAT claimed, which remains at 2p per mile (1/6 of 12p). The reason why it's 1/6 rather than 20% is because 12p is the VAT inclusive amount.
by Trevor S
Wed Feb 26, 2020 7:49 pm
Forum: VAT & Excise Duties
Topic: VAT and mileage
Replies: 4
Views: 930

Re: VAT and mileage

The 10,000 miles has no impact for VAT purposes. So if 12p per mile is being accepted when you're paying 45p per mile, it will be accepted when you're paying 25p per mile. The logic is that the cost of fuel is roughly proportional to the use you make of the car. Some other costs (insurance, tax, MOT...
by Trevor S
Wed Feb 19, 2020 11:32 pm
Forum: VAT & Excise Duties
Topic: Invoices Pre Registration of VAT
Replies: 4
Views: 1312

Re: Invoices Pre Registration of VAT

To clarify, are you only planning to invoice the client in advance of registration and service provision, or are you also expecting them to pay that invoice in advance? Unless the earlier of: the provision of your services and payment by your customer also takes place prior to the effective date of ...
by Trevor S
Tue Feb 11, 2020 5:36 pm
Forum: VAT & Excise Duties
Topic: Arranging Accommodation
Replies: 2
Views: 909

Re: Arranging Accommodation

Of course, my previous post only applies if your client's supplies are made to the colleges. If the contractual relationship is with the students direct, the supply would be B2C, and the place of supply would be the UK.
by Trevor S
Tue Feb 11, 2020 5:30 pm
Forum: VAT & Excise Duties
Topic: Arranging Accommodation
Replies: 2
Views: 909

Re: Arranging Accommodation

Another angle to consider - are the French colleges considered to be in business? If they are, your client would be making a B2B supply of services. Just arranging accomodation (rather than actually supplying it) doesn't count as a service directly related to land - see section 7 of notice 741A. The...
by Trevor S
Thu Jan 30, 2020 8:45 am
Forum: VAT & Excise Duties
Topic: Final VAT Return question
Replies: 2
Views: 810

Re: Final VAT Return question

I'm assuming that at the time you bought the stock, you were VAT registered. Therefore although your supplier wouldn't have shown VAT on their invoice, you would have calculated acquisition VAT. You would have paid this to HMRC on box 2 of your return, and reclaimed it in box 4. Provided that you've...
by Trevor S
Sat Jan 11, 2020 10:04 am
Forum: VAT & Excise Duties
Topic: Customer VAT query
Replies: 3
Views: 1062

Re: Customer VAT query

Generally I'd agree that you always need to start by reading the contract detail. This should help map out the true supply chain, and identify the various transactions. Each can then be considered for its correct VAT treatment. Bear on mind that the route actually taken by the money may be less impo...
by Trevor S
Thu Dec 19, 2019 11:47 pm
Forum: VAT & Excise Duties
Topic: Commission received from a NL company
Replies: 1
Views: 1104

Re: Commission received from a NL company

I'm assuming that (as agent) you don't have ownership of the goods at any stage. You simply supply your services to the NL company, assisting in arranging their sales to their UK clients. The consideration for this service comprises two elements, one is fixed (the retainer) and the other is variable...
by Trevor S
Mon Dec 16, 2019 1:48 pm
Forum: VAT & Excise Duties
Topic: VAT on New Build material and Labour
Replies: 1
Views: 994

Re: VAT on New Build material and Labour

Assuming that you are registered for VAT, your ability to reclaim the VAT on the works will largely be dependent on the use that you will put the completed building to - and the VAT liability of the income generated. For example: - Are you intending to use the building yourself? If so, what type of ...

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