- : Year 15, issue 08?cookieChecked=1%2F

 
Reduced penalty for “telling” HMRC Publication date: 29.05.2025
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Your business has made errors on past returns that could be classed as careless, so they might be subject to a penalty. You know that full disclosure to HMRC could reduce the penalty but what should you do?
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Will price increases qualify as donation to charity? Publication date: 29.05.2025
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Your business wants to support a charity by increasing the price of all goods by £1 and donating the extra money. You will advertise the reason for the increase at your premises, so how should you account for VAT?
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Can input tax be claimed on land costs if use is unknown? Publication date: 29.05.2025
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One of our subscribers owns lock-up garages and has decided to demolish them and either sell the land or possibly get planning permission to build a dwelling. Can they claim input tax on the demolition costs?
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Is output tax less than input tax a problem? Publication date: 29.05.2025
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Your computer system gives you a job report that includes a column for VAT charged on fees and input tax claimed on costs. Is it a problem if input tax exceeds output tax in some cases?
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Could incorrectly charged VAT be recovered? Publication date: 29.05.2025
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Could incorrectly charged VAT be recovered?..The case. Chris Poulton (P) built a new dwelling which was completed in October 2022. He received a refund of £29,961 from HMRC for VAT paid on building materials through the DIY self-build scheme. P also asked HMRC if he could claim £9,959 of VAT incorrectly charged by a supplier on groundwork that...
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Delay in getting VAT number: when should you charge VAT? Publication date: 29.05.2025
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Delay in getting VAT number: when should you charge VAT?..The case. Sammy Garden Ltd (S) applied to be registered for VAT from 9 March 2021, having taken over a garden landscaping business from a sole trader from this date. There was a delay in HMRC issuing a VAT registration number until 27 July 2021, so the director thought this...
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Should we declare VAT on service charges we pay to staff? Publication date: 29.05.2025
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Should we declare VAT on service charges we pay to staff?..Q. The policy in our restaurant has always been to charge an extra 10% of the meal cost to our customers which we describe on till receipts and bills as a “service charge for staff” because we collect the money into a ring-fenced account on our accounting system and pay 100% of the money...
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Is there VAT on garage rent? Publication date: 29.05.2025
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Is there VAT on garage rent?..Q. Our business operates a hairdressing salon. We rent the premises on a long lease from the freeholder and it includes two lock-up garages. We fully claim input tax on all property-related costs, the lease is tenant repairing, and we earn extra income by renting out the two garages to local business people; one tenant...
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Do your invoices comply with the law? Publication date: 29.05.2025
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HMRC has improved its guidance about information you must include on your sales invoices. What are the key issues to consider?
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EU law change for virtual events: how will it affect you? Publication date: 29.05.2025
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Your business organises live events online, charging delegates a fee to attend. What are the rules about charging VAT and what changes took place on 1 January 2025 that will affect you if EU delegates attend your sessions?
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