VAT Blog

The subject of VAT and agents is particularly complicated.  One of the main reasons for this is that the words "agent" and "principal" are often used to describe different commercial situations. My Compact Oxford Dictionary defines the word “agent” as any of the...

This week, I'm discussing the subject of VAT on "builders' materials".  If you're a property developer or you're planning to make a DIY (i.e. self-build) home-builder or home-converter claim, you can only claim VAT on certain goods, which are defined as "builders'...

Hi there This past week has felt very surreal and most of us are probably feeling somewhat unsettled by the result of the Referendum.  So it's quite a relief to get back to some more routine stuff in the June newsletter. Of course leaving the EU does have implications...

I suspect that most of us are still in a state of shock after the Referendum.  But while the politicians sort out our political and international future, for most of us, it's back to business as usual this week.  This is probably a good thing.  Routine - even doing...

After the shocking events in Birstall, West Yorkshire, last Thursday, the thought of voting in this week's Referendum almost seems irrelevant.  That the life of such a gifted individual could be taken so quickly and in such an horrific way is one of those...

Whether you're starting out or just need a bit of a refresher about specific VAT subjects, you might want to check out HMRC's live webinars at https://www.gov.uk/government/news/webinars-emails-and-videos-on-vat. There are some very useful subjects, including VAT...

Property development: Three key steps to calculate the VAT cost: In this blog, I'm going to explain how to calculate the "VAT cost" of your property development by applying three key steps. The "VAT cost" is the difference between the amount you pay on your costs and...

Well it's Budget Day this week and there will be lots of headlines about how much tax a normal family with 2.4 children will have to pay. It's rare that VAT gets a mention in the headlines, unless there's a change in the standard rate, like the rise to 20%. Any VAT...

Whether you're planning a new property development or some sort of residential conversion, you probably already know that the VAT issues are quite difficult. Although the main principles seem simple, the rules are far more complicated than they appear at first glance...

MOSS - is it a business or a hobby? Some of you will remember this time last year when everyone was in a real tangle trying to understand the VAT registration requirements for the MOSS scheme for businesses making B2C digital sales to customers in other EC countries....