VAT Blog

Latest news, thoughts and articles from the world of VAT.

VAT and Charities

I’ve recently added a new section to the website which contains a summary of the main VAT rules relating to charities and links to the HMRC notices which contain more detailed information (see the link on the menu). As you’ll see, it’s a big topic. In fact, the...

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NO REFUND as outside the 4 year time limit

Q: I wonder if anyone can advise me, as a company we had several HMRC issues outstanding. The companies ex accountant had failed across all levels, along with the book keeper who went on long term sick due to work related stress when I joined in October 2009. The...

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Construction and Buildings

VAT, construction and buildings: Anything to do with VAT and property always comes with a very strong health warning. This applies whether we’re talking about charity or non-charity property. In the case of charities, the rules are very detailed. While certain...

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VAT reliefs on income

VAT Reliefs on Income See VAT leaflet 701/1/04 Charities http://tinyurl.com/5wugmqh for detailed information about the VAT treatment of income received by charities Section One: Zero-rating Sales of donated goods Exports of any goods by charities See VAT leaflet...

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Charity: VAT reliefs on expenditure

Charity: VAT reliefs on expenditure Section One: Zero-rating Charity: VAT reliefs on expenditure.  Zero-rating relief on expenditure falls into two main sections: the first is where the expenditure is on certain types of goods and services, while the second provides...

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VAT and Charities: charity doesn’t always mean VAT free

VAT and Charities: charity doesn't always mean VAT free.  There is a widely held assumption that anything to do with charities is tax and VAT free. Unfortunately the VAT rules are not so generous and charities are required to pay VAT on their business sales and...

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April 2011 Newsletter

Thank goodness it's April and it has been such a relief to have this some lovely weather recently over recent weeks. I know that most of you will have been bombarded with information about the Budget from the accountancy press, but if you need to know more about the...

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VAT – Inter-company Transactions

Q: Hi There One of our subsidiarys (outside EU) employees has just made a visit to the UK. We have just paid the hotel costs for them and I was wondering - when I re-charge - do you need to add Vat on top of this invoice? Many Thanks A: The VAT treatment of hotel...

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List of available VAT zero rated products with new build.

Q: Hi, I have done some pretty decent research on the HMRC website with my query. My company manufacture , sell , install and maintain home lifts. I have already sought professional advice in regards to zero rating our product for disabled people. My query is about...

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Reclaiming VAT within EU

Q: Hi. I am hoping to get some advice on this issue. We have a UK group VAT registration, including the holding company of the group (under the statutory structure). There is also a Hungarian subsidiary which has a Hungarian VAT registration and premises. A lot of...

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VAT and private parking tickets

Q: Hi, I may get a bit of ribbing for this due to my profession; but I would appreciate some advice. I own a private parking enforcement company and have recently applied to be registered for VAT. Now I understand after reading Marie's blog on parking tickets that...

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Desperately seeking VAT notices on the HMRC website…

It really is about time that HMRC got their website up to scratch and, in particular, get the search facility sorted out. Unless you know the actual name and number of any specific VAT notice, the search facility is a real hit and miss affair. And even if you do know...

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February 2011 Newsletter

Welcome to our February newsletter I hope you're all busy and having a productive month. Something has to make up for the miserable weather! The 20% rate might be over a month old, but it still seems to be a huge milestone to me. I've been working in VAT since 1981...

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Additional REsources

A Few Other Resources We’ve Created for Our Customers

Hedging, fund allocation, portfolio protection and VAT

Over recent years, I've attended a few seminars about the subject of property development.  These are often run by very successful property developers who have learned how to read the property market very successfully and made a lot of money from their investments. ...

Budget November 2017 VAT announcements

Budget November 2017 VAT announcements See the Chancellor's Budget statement, section 4.18 for more details on specific issues http://tinyurl.com/yb4y77sd Main headlines VAT registration/de-registration limits to remain at current levels (£85k/£83k) for 2 years while...

Paradise Lost and proposals to reduce the VAT registration limit

I recently read an interesting article on AccountingWeb LINK about proposals to reduce the VAT registration limit to a level (not specified) that would bring about an additional 1 million businesses into VAT.  The inference was that it could be around the average...

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