- : Year 13, issue 08?cookieChecked=1

 
Are you liable for fraud committed by staff? Publication date: 01.06.2023
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One of your employees has admitted to banking sales into their own account. The VAT from these sales has not been included on your returns. How do you correct the problem and what will HMRC do about penalties?
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What input tax can you recover on a home business? Publication date: 01.06.2023
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Your business has come to the end of its office lease, and you have decided to work from home to save paying rent to a landlord. What input tax can you claim on domestic costs that you incur at home?
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Is a profit share payment from a customer subject to VAT? Publication date: 01.06.2023
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One of our builder subscribers did work for a property company converting a chapel it owned into four flats. The project went well, and the property company will pay our subscriber a six-figure profit share. Is this payment subject to VAT?
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Are you accounting for VAT correctly for online service sales? Publication date: 01.06.2023
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Your business sells services online, often through a website host acting as an intermediary, or as a website host. After a recent VAT tribunal case won by HMRC, is there a risk that you could be accounting for VAT incorrectly?
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One-to-one golfing lessons subject to VAT? Publication date: 01.06.2023
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One-to-one golfing lessons subject to VAT?..Q. My business trades as a limited company and I am the only director and shareholder. The only activity of the company is to buy and sell golfing equipment and it is registered for VAT. I have been asked to provide golfing lessons to a wealthy client and I understand that this income will be exempt from VAT...
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Do we need an Irish VAT number? Publication date: 01.06.2023
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Do we need an Irish VAT number?..Q. Our business is VAT-registered in the UK. We have received an order to supply an expensive piece of CCTV equipment for a firm in Ireland. I understand that we might need to register for VAT in Ireland in order to claim import VAT when the goods arrive because we will deliver them to the customer’s premises. Is this...
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Dealing with statement omissions Publication date: 01.06.2023
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HMRC has confirmed how you should deal with postponed VAT accounting if import entries are missing from your monthly statements. What do you need to know?
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When does the reverse charge apply to expenses? Publication date: 01.06.2023
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You know about “reverse charge” accounting, where your business accounts for VAT as the customer on some goods and services that you buy rather than your supplier. But are you correctly applying it to all relevant transactions?
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Was director liable to pay a penalty issued to insolvent company? Publication date: 01.06.2023
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Was director liable to pay a penalty issued to insolvent company?..The case. Colm Malone (M) was the sole director and 100% shareholder of Maloney Diner Ltd which traded as a cafe serving meals and drinks. After extensive work checking till rolls and carrying out invigilation exercises, HMRC issued an assessment to the company for underpaid output tax...
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Did driving lessons for under 17s qualify for a temporary reduced VAT rate? Publication date: 01.06.2023
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Did driving lessons for under 17s qualify for a temporary reduced VAT rate?..The case. The Young Driver Training Ltd (Y) advertised their services as “the provision of driving lessons off the highway for under 17s” . Y claimed it was charging an admission fee to a cultural event so the fees qualified for a temporarily reduced VAT charge between...
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