- : Year 11, issue 07?issue=07&offset=2&volume=11

 
Management fees to connected businesses: VAT trap Publication date: 05.05.2021
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Your sole trader business has had a successful trading year but your company has made losses. Both are registered for VAT. You want to make a management charge to move profits to the company. But does this create VAT issues?
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Has coronavirus given you a “reasonable excuse”? Publication date: 05.05.2021
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Your business has experienced myriad problems due to coronavirus, including homeworking, cash flow and senior staff illness. Does this give you a reasonable excuse to appeal against any subsequent default surcharge?
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Selling goods to individuals in the EU: post-Brexit challenges Publication date: 05.05.2021
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One of our subscribers owns a clothes shop but also sells goods on her website. She arranges for the goods to be shipped directly to her customers. She is exporting goods to three different EU countries. How does she deal with the VAT?
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Building projects: when do you need a VAT certificate? Publication date: 05.05.2021
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Your building business works on projects involving both residential and commercial properties. Some jobs are subject to zero or reduced rates of VAT. Do you always need a VAT certificate from your customer when you charge these lower rates?
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How to deal with delays in getting the VAT number Publication date: 05.05.2021
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You have started a new company. You applied to register for VAT six weeks ago but have not received the new VAT number. How should you invoice customers in the meantime?
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Overpayments in car park machines were subject to VAT Publication date: 05.05.2021
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Overpayments in car park machines were subject to VAT..The case. Vehicle owners sometimes don’t have the right amount of money to pay their parking fees. For example, they might put £2 into the machine for an hour’s parking that only costs £1.40, i.e. an overpayment has taken place. Kings Lynn and West Norfolk Council (KLC) submitted a voluntary...
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Lack of knowledge accepted as a reasonable excuse Publication date: 05.05.2021
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Lack of knowledge accepted as a reasonable excuse..The case. Westlow Cricket Club (W) issued a certificate to a building company in March 2013, to secure zero-rated construction services on its new cricket pavilion. HMRC decided the club officials were wrong to do this and used the powers given by s. 62(1) VAT Act 1994 to issue a penalty of £20,937...
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Do I charge VAT for lessons given in the EU? Publication date: 05.05.2021
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Do I charge VAT for lessons given in the EU?..Q. I am the sole director and shareholder of a UK limited company that gives flying lessons to private individuals, i.e. on a business-to-consumer (B2C) basis, living in Italy, UK and France. The lessons take place in the customer’s own country with the customer providing the aeroplane. I am registered...
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Can I reclaim VAT on legal fees? Publication date: 05.05.2021
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Can I reclaim VAT on legal fees?..Q. I have formed a limited company which has purchased the freehold of a ten-year old commercial building. I haven’t decided what to do with the building but is it worth registering the company for VAT so that I can claim input tax on the solicitor’s fees linked to the purchase, which were considerable? I haven’t...
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Engaging others to do the job Publication date: 09.01.2020
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It may suit you to outsource a project to other contractors. In such instances use our new document to ensure that health and safety standards are maintained.
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