by Marie Stein | 9 Mar, 2009 | Management services
I’ve had a number of queries recently from clients and vatexchange visitors asking for advice about recovering VAT on property purchases, particularly when the property has been acquired by someone other than the VAT registered business. Because the law on VAT and...
by | 8 Mar, 2009 | Management services
The ECJ has recently ruled in favour of HMRC in the Wetherspoon “roundings” case. The case concerned whether or not retailers could “round down” to the nearest penny the amount of VAT it paid on each item. HMRC believed that Wetherspoons should follow the practice set...
by | 4 Mar, 2009 | Management services
Q Hi Marie I’m sure this is an easy one for you, I just wanted to confirm that VAT bad debt relief for supplies at 17.5% is calculated as 7/47 of the amount owing but when the supply is at 15% it would be 3/23? B Yes AS, you are correct, you apply the “VAT...
by | 4 Mar, 2009 | Management services
I was recently looking at the revised VAT Notice 742a Opting to Tax Land and Property and thought it would be useful to do a short series of articles explaining the background to the changes to the rules that were introduced last year and summarising the main changes....
by | 1 Mar, 2009 | Management services
No major VAT developments from HMRC last week. However the following may be of interest: On February 23: HMRC announced changes to the Form 64-8 for authorising your agent. These include the facility to complete and submit the form on-line. Also on February 23, HMRC...
