- : Year 09, issue 05?issue=05&offset=2&volume=09

 
Can I claim VAT on costs of an abortive project? Publication date: 01.03.2019
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Can I claim VAT on costs of an abortive project?..Q. I run a chain of florist shops and am registered for VAT. I intended to open a business selling wedding-related items, and I took out a three-year lease on a high street property. The rental charge is £1,000 per month plus VAT. The project never got off the ground but I must still pay the rent for...
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Taxpayer had two separate businesses. Publication date: 01.03.2019
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Taxpayer had two separate businesses...The case. Darren Vaughn (DV) mainly traded as a plasterer but also carried out liquid floor screeding. He traded as a sole trader until 2012 but was later advised by his accountant to form a separate partnership with his wife for the screeding work to avoid a VAT registration problem. The two businesses had separate...
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Do we charge VAT for work carried out on a church? Publication date: 01.03.2019
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Do we charge VAT for work carried out on a church?..Q. Our company trades as an electrical contractor carrying out a wide range of commercial work. We are currently working for a building contractor who has a contract with a local church to build a new place of worship. The contractor says we should zero-rate our work because the church is a charity...
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Revoke an option to tax - save VAT Publication date: 01.03.2019
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If your business rents a property and pays VAT on this, it creates a problem if it’s exempt or partly exempt because you have a restriction in the VAT you can claim. But is there a possible solution?
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Avoiding a costly mistake with disbursements Publication date: 01.03.2019
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You have undertaken to make some payments for a customer that you recharge via your sales invoice. You’re sure these qualify to be treated as disbursements, but how can you avoid a nasty trap?
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MTDfV penalties relaxed again Publication date: 01.03.2019
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HMRC has announced important changes to the proposed penalty arrangements applying in the first year of Making Tax Digital for VAT (MTDfV). What are they?
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Converting a commercial vehicle: a VAT problem? Publication date: 01.03.2019
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Your business purchased a commercial vehicle for £60,000 plus VAT and claimed input tax on the purchase. You’re now spending £3,000 plus VAT to add rear seats and windows to the vehicle. Does this create issues?
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Accounting for VAT on events held overseas Publication date: 01.03.2019
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One of our subscribers is an events organiser. Recently they produced a musical show for a venue in Spain. HMRC is now telling them they have to register for VAT there to recover their input tax. Is that correct?
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Bad debt relief windfall for flat rate scheme users Publication date: 01.03.2019
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A quirk of the flat rate scheme is that you can claim a VAT windfall on bad debts, even if you only account for output tax when you receive payment from your customers. How does this windfall work in practice?
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HMRC was correct to raise “deliberate not concealed” penalty for VAT errors. Publication date: 01.03.2019
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HMRC was correct to raise “deliberate not concealed” penalty for VAT errors...The case. Sacutia Healthcare Ltd (SH) was assessed for £57,839 by HMRC for three different errors: lack of evidence for supposed zero-rated exports; output tax was not properly dealt with on deposits received from customers; input tax was claimed on invalid purchase invoices...
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