- : Year 13, issue 09?cookieChecked=1%2F%2F%2F

 
Were turmeric shots classed as “food” or a “beverage”? Publication date: 27.06.2023
Article database
Were turmeric shots classed as “food” or a “beverage”?..The case. Innate-Essence Ltd (I) was formed by a professional footballer and his father, trading as The Turmeric Co. Four different brands of 60ml shots are sold by the company, including Raw Turmeric and Beetroot. The products are sourced from farms in Peru. The turmeric roots are hand-prepared,...
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Does an overseas seller benefit from UK registration threshold? Publication date: 27.06.2023
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Does an overseas seller benefit from UK registration threshold?..Q. Our company is incorporated in the UK and the office address of our UK-based accountant is the registered address with Companies House. We have no trading premises or staff in the UK and all decisions are made from our head office in Ireland. The company imports and sells stationery...
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Input tax claim on purchase of dining room table? Publication date: 27.06.2023
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Input tax claim on purchase of dining room table?..Q. My sole trader business (as a management consultant) is VAT registered and I work from home most of the time. I have purchased an expensive dining room table which gives me plenty of space to work and wondered if I can claim input tax on this expense? The only other use of the table is for eating...
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New payment scheme for vehicles Publication date: 27.06.2023
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If you’re a motor vehicle trader, or occasionally buy and sell used vehicles for a profit, you will benefit from a new scheme if you move vehicles to NI or the EU for onward sale. What does it mean for your business?
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Can you offer discounts without issuing credit notes? Publication date: 27.06.2023
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Your business wants to give some customers a special discount if they pay their invoices within 14 days. How should you deal with the VAT accounting to avoid issuing lots of credit notes every time you give a discount?
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Converting a part-residential property into houses Publication date: 27.06.2023
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A subscriber is purchasing the freehold of a ground floor shop and first floor flat and will convert the property into two houses and sell them. Can they claim input tax on the project costs and is there an alternative approach that is more VAT efficient?
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Are you a limited cost trader? Publication date: 27.06.2023
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Your business is a long-term user of the flat rate scheme and it saves you tax compared to normal VAT accounting. But have you correctly checked to ensure you are not a limited cost trader in some periods, with its punishing rate of 16.5%?
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Are you charging too much VAT on overseas services? Publication date: 27.06.2023
Article database
Your business sells services to both charities and private individuals, i.e. on a business-to-consumer (B2C) basis. You have always charged VAT to your EU-based customers and not to those resident in non-EU countries. But is this correct?
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Can you claim input tax on a new pool car? Publication date: 27.06.2023
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Your business buys cars for use by specific members of staff and correctly does not claim input tax. You’re thinking of buying a new pool car for general use by your staff. What are the conditions for claiming input tax?
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Was hiring of football pitches an exempt supply of land? Publication date: 27.06.2023
Article database
Was hiring of football pitches an exempt supply of land?..The case. Netbusters (UK) Ltd (N) paid local authorities and schools for block bookings of football pitches and netball courts. It then hired out the pitches to local teams that participated in an organised league competition. N originally charged VAT on the fees but - following a similar case...
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