by | 1 Feb, 2009 | Management services
One of the most regular VAT questions is whether you can recover VAT on the costs of repairing or converting a commercial property. A lot of businesses have spare office space, or a disused warehouse or factory and want to generate some rental income to help cover...
by Marie Stein | 28 Jan, 2009 | Management services
HMRC have issued Revenue and Customs Brief 02/09 here http://www.hmrc.gov.uk/briefs/vat/brief0209.htm. It explains changes re submission of EC sales lists and the time of supply for services subject to the reverse charge which will be introduced from 1 January...
by Marie Stein | 14 Jan, 2009 | Management services
What does supplied where received mean? I was talking to an old friend recently about VAT. He runs his own business and does his own VAT returns, having originally trained as an accountant many years ago. He was making the point that unlike direct taxes, VAT seems to...
by Marie Stein | 19 Dec, 2008 | Management services
In order to be able to establish the correct VAT treatment of business transactions, you need to understand the legal and accounting issues involved AND explain them properly to the VAT officer. I’m not talking about routine sales or purchases, but one off or...
by Marie Stein | 16 Dec, 2008 | Management services
HMRC have issued a new Revenue & Customs Brief here http://www.hmrc.gov.uk/briefs/vat/brief5708.htmb which sets out their revised position on the treatment of excess car parking charges for off-street car parking. In the past, HMRC took the view that excess...
