- : Year 11, issue 08?issue=08&offset=2&volume=11

 
Insurance: is a separate charge an exempt supply? Publication date: 01.06.2021
Article database
You make taxable supplies to your customers, hiring out equipment. You also make a charge for insurance and include this as a separate line on your invoice. You treat this as an exempt supply, but is this correct?
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Dealing with goods that never leave the EU Publication date: 01.06.2021
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Your GB business imports goods from the EU. However, for one order the goods will be shipped directly from your supplier in one EU country to your customer in another EU country. How does Brexit give rise to VAT issues here?
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Bad debt: should you wait for payment before deregistering? Publication date: 01.06.2021
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One of your companies has ceased to trade due to the adverse impact of the pandemic. However, you are still owed a lot of money by some customers. Should you delay deregistering until they have paid their debts?
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Partial exemption trap when buying services from abroad Publication date: 01.06.2021
Article database
A subscriber has a partially exempt business. They have used the consultancy services of a specialist in Ireland who did not charge VAT. Is this correct post-Brexit and how should our subscriber deal with the UK VAT reporting?
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Is your charity being charged too much VAT for advertising? Publication date: 01.06.2021
Article database
You are the trustee of a local charity. How can zero-rating help with your advertising bills, and can you take advantage of a concession announced by HMRC last year that could further reduce your VAT on these costs?
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Were student events social or fundraising for VAT purposes? Publication date: 01.06.2021
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Were student events social or fundraising for VAT purposes?..The case. A student’s union in Leeds (LBSU), organised a series of nightclub events in Freshers Week and the committee claimed that the ticket sales qualified for VAT exemption because the purpose of the events was to raise funds. HMRC asked for evidence from the taxpayer that each event...
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Input tax recovery on a property owned by a separate company? Publication date: 01.06.2021
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Input tax recovery on a property owned by a separate company?..The case. The taxpayer (KAL) held a tax invoice dated April 2017, saying it had purchased a property for £240,000 plus VAT. The invoice was made out to the company and input tax was claimed on the basis that the property was used for the purposes of its taxable accountancy and bookkeeping...
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Can I issue separate invoices for labour and materials? Publication date: 01.06.2021
Article database
Can I issue separate invoices for labour and materials?..Q. I am a builder and my cash flow has been badly hit by the new reverse charge rules. This is largely because I am no longer being paid VAT by my builder clients to use as working capital until my quarterly VAT return is due. Is it possible to issue separate sales invoices for “labour” and...
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Different activities - how does the FRS work? Publication date: 01.06.2021
Article database
Different activities - how does the FRS work?..Q. I joined the flat rate scheme in 2017. My business has two different activities that come within different scheme categories, so I have always apportioned my VAT between the two rates according to sales in that quarter. I understand this is incorrect? If so, what is the correct procedure and how should...
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Do we need an aspects and impacts register? Publication date: 10.02.2020
Article database
Do we need an aspects and impacts register?..Q. We’ve been told that we have a legal obligation to complete an EnvironmentalAspects and Impacts Register . What is this and must we put one together? A. There’s no legal requirement to complete an aspects and impacts register. This process is a requirement of the ISO 14001: 2015 environmental standard....
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