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Where Taxpayers and Advisers Meet

Search found 64 matches

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by Trevor S
Mon Jan 28, 2019 11:17 pm
Forum: VAT & Excise Duties
Topic: Are Set Designer Floats Part of Turnover
Replies: 5
Views: 1138

Re: Are Set Designer Floats Part of Turnover

I think you need to establish whether the goods bought with the "float" at any point belong to the set designer. If ownership of goods passes straight from the supplier to the set designer's client, then it would imply that the designer is acting as agent, and that part of the "float" wouldn't count...
by Trevor S
Wed Jan 23, 2019 11:50 pm
Forum: VAT & Excise Duties
Topic: MTD postponement
Replies: 9
Views: 10789

Re: MTD postponement

Further to my earlier post, HMRC have now announced a six month deferral on the soft landing period for those affected by the deferral previously announced. Therefore those VAT registrations that have been deferred will still have a full twelve month soft landing period. This is included in a recent...
by Trevor S
Sat Jan 05, 2019 12:28 am
Forum: VAT & Excise Duties
Topic: Is this Artificial separation?
Replies: 3
Views: 913

Re: Is this Artificial separation?

Its always a bit of a grey area... It looks like you’ve already found HMRC's published guidance, and their internal manual (i.e. written for HMRC staff use) is understandably heavily redacted. Even case history isn’t entirely helpful, as there will be situations where the Tribunals have reached deci...
by Trevor S
Fri Jan 04, 2019 12:02 am
Forum: VAT & Excise Duties
Topic: MTD postponement
Replies: 9
Views: 10789

Re: MTD postponement

The deferral applies to about 3.5% of VAT registrations, however as these will tend to be larger more complex organisations, so the amount of VAT involved is likely to be much higher. A list of deferred categories is https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-ta...

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