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Where Taxpayers and Advisers Meet

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by Trevor S
Wed Jul 10, 2019 1:05 pm
Forum: VAT & Excise Duties
Topic: 5%VAT conservatory Roofs/conversions
Replies: 11
Views: 15727

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: 3
Views: 6836

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: 15727

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: 3153

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: 3153

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: 1937

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: 1937

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: 1529

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: 5
Views: 5124

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: 633

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...

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