This is a way of dealing with your VAT payments that HMRC brought in as a measure to make it easier for taxpayers to complete their VAT returns. Instead of doing them in the ‘normal’ way – pay over VAT on income, less VAT on expenditure, a business is able to take the gross … Read more Flat Rate Scheme
Pre-registration input VAT For those who are not aware of the concept, this is VAT spent out on goods and services, purchased prior to a business registering for VAT. For years, this VAT has been claimable – up to four years before the registration date for goods; up to six months for services. Therefore a … Read more Pre-registration input VAT
For years, HMRC maintained that a dwelling can only comprise one building. Now, however, they do accept that a dwelling can have more than one building. There are conditions, of course, for which see Revenue & Customs Brief 13/2016. The difficulty with it is that, as ever, they pass the onus on to the contractor … Read more What is a dwelling?
Well, after several months of no activity on here, but lots of work activity, I thought it was about time I said a word or two about what important stuff is happening in the world of VAT. OK, I fibbed – it’s difficult to include the words ‘VAT’ and ‘important’ in the same sentence without … Read more Active again