- : Year 13, issue 11?cookieChecked=1%2F%2F%2F%2F%2F

 
Is there a problem giving staff free stock? Publication date: 29.09.2023
Article database
Your business buys and sells goods and it’s your policy to give some free items to staff. You also personally take some stock for yourself and your family. You amend your stock records for these but what should you do with the VAT?
More
Will HMRC repay missing VAT return? Publication date: 29.09.2023
Article database
Your accountant has discovered that your business failed to submit a VAT return five years ago for a particular quarter. The return shows a net repayment because you had high zero-rated sales in that period. Can you submit it now for a repayment?
More
VAT on zero-rated expenses recharged to customers? Publication date: 29.09.2023
Article database
A subscriber trades as a consultant and a customer has asked why VAT has been charged on rail and air travel costs recharged on their sales invoices. The customer has asked for a VAT credit because they are a zero-rated disbursement. Are they correct?
More
When can you adjust returns for customer refunds? Publication date: 29.09.2023
Article database
Your business sometimes issues credit notes but then repays the customer over a longer period of time. You adjust your VAT returns on the date that you issue the credit note but is this correct?
More
VAT due on online advertising? Publication date: 29.09.2023
Article database
Your business buys online advertising to increase the number of hits to your website. Most of the advertising charges are invoiced by EU suppliers and two of them are charging local VAT. Is this correct and what action should you take if not?
More
Were officer assessments out of time? Publication date: 29.09.2023
Article database
Were officer assessments out of time?..The case. Maxxim Residential Design Ltd (M) submitted a repayment return for the period ending 6/2014, which was reviewed by HMRC before repayment was made. The officer cross-checked two purchase invoices received from different suppliers back to the suppliers where input tax of £2,961 and £2,765 had been claimed....
More
Did farming show qualify for exemption as fundraising event? Publication date: 29.09.2023
Article database
Did farming show qualify for exemption as fundraising event?..The case. The Great Yorkshire Show is an annual event and forms an important part of the charitable objectives of the Yorkshire Agricultural Society (YAS), which is a registered charity. The Show has two main purposes: to raise funds for the YAS and to serve as an educational event about...
More
VAT due on gift to top-performing employee? Publication date: 29.09.2023
Article database
VAT due on gift to top-performing employee?..Q. Our business trades as a car dealership and we have given a case of champagne to our best-performing salesperson. As we understand it, we can claim input tax on the cost of the champagne because each individual bottle cost us less than £50. Is this correct? A. Unfortunately, your interpretation of the...
More
Will horsebox qualify as business expense if logo displayed? Publication date: 29.09.2023
Article database
Will horsebox qualify as business expense if logo displayed?..Q. My daughter is a very successful jockey and we have agreed to buy a new horsebox to support her progress. If we buy the box in our company that is VAT registered, can we claim input tax if we advertise our website address, business logo and phone number on the side of it? A. There is no...
More
Dealing with poor HMRC service Publication date: 29.09.2023
Article database
One third of taxpayers are dissatisfied with the quality of HMRC’s service. The HMRC Charter annual report has acknowledged serious service failures, including major issues with VAT. How does this affect your business?
More

Filter results

You can always narrow/broaden your result by checking and unchecking resources and/or topics and keywords.

Topics and keywords

Last updated: 23.03.2026
Search

More from Indicator - FL Memo Ltd