- : Year 09, issue 03?issue=03&offset=2&volume=09

 
VAT certificate for new building was incorrect. Publication date: 02.01.2019
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VAT certificate for new building was incorrect...The case. Marlow Rowing Club (M) decided that its new water sports hub building would be used for a relevant charitable purpose (non-business), even though the building included a gym for non-members who paid for the facility on a use basis. M issued a certificate to its building contractor to obtain...
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Dealing with small value purchases and retail sales Publication date: 02.01.2019
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You’ve read that you will need to digitally record all sales and purchase invoices when Making Tax Digital (MTD) is introduced. Is there a way around this problem in the case of minor expense items or cash sales made by your retail business?
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New de minimis threshold for MOSS Publication date: 02.01.2019
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Legislation has been passed to introduce an £8,818 de minimis threshold before your business will need to register for MOSS in relation to e-services sales. How will this operate in practice?
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Can’t pay in full? How do you avoid a penalty? Publication date: 02.01.2019
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Your business is already on a default surcharge notice period, and is now experiencing cash flow problems. Your VAT return is due tomorrow, but you don’t have enough cash to pay the bill. Can you avoid a penalty?
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Apportioning output tax - how to avoid overpaying Publication date: 02.01.2019
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If you sell a bundle of goods or services subject to different rates of VAT, you will need to apportion the output tax you pay. What is the best way of doing this to avoid a challenge from HMRC but also to ensure you don’t overpay VAT?
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Register if you don’t know when you’ll start making sales? Publication date: 02.01.2019
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Register if you don’t know when you’ll start making sales?..Q. I intend to purchase the freehold of a derelict pub and spend £200,000 plus VAT on building works and trade as a restaurant. Can I register for VAT as soon as I buy the building? A. The answer is “yes”. A legal entity can register for VAT as long as it has an intention to make taxable...
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Flat rate scheme: confusion about selling assets Publication date: 02.01.2019
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One of our subscribers is confused about the VAT procedures for selling vehicles if a business uses the flat rate scheme. Is there a difference between selling a car and a van, and how do they ensure the correct treatment?
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Increase your partially exempt VAT recovery Publication date: 02.01.2019
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Your business has two sources of income, one is exempt from VAT and the other is standard-rated. You are about to spend £150,000 plus VAT improving your trading premises. Is there a way of increasing your VAT recovery?
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Missing invoices on VAT return was a “deliberate” error. Publication date: 02.01.2019
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Missing invoices on VAT return was a “deliberate” error...The case. Promo International (P) raised three sales invoices to a customer in June 2014 but claimed that the invoices were never issued to the customer and that no goods had been supplied because the customer had cash-flow problems. P made a manual adjustment to reverse the output tax of...
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Q&A - how can we prove we’ve trained staff? Publication date: 29.08.2017
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Q&A - how can we prove we’ve trained staff?..Q. Our workshop manager completes training on all of our machinery. We know that he runs through all of the controls, the operating procedures and more. However, if it came to the crunch, we don’t think that we’d be able to prove that the training had been completed properly. How can we address...
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