If your client has a company they want to close down, a members’ voluntary liquidation (MVL) might be the most tax-efficient option. Why is this, and how can your client avoid a nasty trap?
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One of your clients has land with development potential. They are teaming up with a neighbour in order to jointly sell a larger combined plot, but this could lead to a double tax trap. What can you
advise to avoid this?
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When your clients sell goods or services, there are occasions when VAT is not payable on the full selling price. Are there any concrete rules on how to do this, and how could your approach save your
client money?
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If your clients make purchases that consist of several properties, they could claim multiple dwellings relief. Will this always be worthwhile, and how can you make sure they don’t end up paying more
than necessary?
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Latest from the VATman.. Revenue & Customs Brief 29/14. Online filing This Brief announces amendments to regulations for online filing of VAT returns. The First-tier Tribunal ruled that UK VAT
law failed to take account of a person’s ability to comply on account of: age, disability computer illiteracy (linked to age) and remoteness of location....
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Lateral Advertising Ltd v Revenue & Customs [2014] UKFTT 559 (TC). Late payment surcharge.. The case. This was an appeal against a surcharge of £1,143.34 in respect of the late payment of VAT for
the period 09/13. The due date for filing and electronic payment was 7 November 2013 but the return was not received until 21 November 2013 and the payment...
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To help ensure your business remains competitive, you’ve been in touch with several external suppliers with a view to them providing practical staff training. Should VAT be charged and, if so, can
you reclaim it?
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Pinevale Limited v Revenue & Customs [2014] UKUT 0202 (TCC). 5% rate for energy-saving material.. The case. This was an appeal by HMRC against a decision of the First-tier tribunal (FTT) on the
applicability of the reduced rate of 5% VAT on energy-saving materials. The issue was whether roof panels manufactured and installed by Pinevale Limited...
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Your business can purchase an asset that has some private use and is transferred to a non-business use once you’ve finished with it. But what is the VAT treatment?
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You were unhappy with HMRC’s assessment so went through its internal complaints procedure. You’re still dissatisfied with the way you’ve been treated. What happens next?
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