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hmrc launch vat attack

27 May 11

HM Revenue & Customs have announced that they will be targeting businesses that should be VAT registered...

green fees are vat exempt

13 Jun 11

HMRC have lost at tribunal in the case of The Bridport & West Dorset Golf Club Limited. The case concerned the VAT treatment of Green Fees paid by non-members to use the course at golf clubs.

a vat win for employment agencies

4 Jul 11

The tribunals have recently ruled on the case of Reed Employment. The case concerned the VAT treatment of charges Reed Employment to its customers, specifically whether VAT was due on the full amount invoiced.

new vat scheme for academies

18 Jul 11

HMRC have recently issued VAT notice 09/11 which advises on the new special scheme for academies to recover VAT incurred on their 'non-business' activities. Broadly speaking an academy's non-business activities will be the provision of free (i.e. grant funded) education.

vat rules change on salary sacrifice scheme

6 Oct 11

From 1 January 2012 the VAT rules are changing in respect of benefits provided to employees under a salary sacrifice scheme. From 1 January 2012 employers will be required to account for output VAT on the value of any salary sacrificed under arrangements to provide 'taxable' (for VAT purposes) benefits to employees. Common examples of benefits affected are the Cycle to Work scheme and the provision of face-value vouchers (e.g. M&S Vouchers). An input VAT incurred by the employer in providing these benefits remains recoverable.

hmrc crackdown on scrap metal merchants, construction, fast food outlets and landlords

10 Nov 11

I have just read that HM Revenue & Customs have just launched a crackdown on scrap metal merchants, construction traders, fast food outlets and landlords to try and recover any undeclared tax. The main focus for the South East seems to be Assessment, PAYE and VAT in our Fast food outlets where businesses are deliberately falsifying their records.

supplying goods and services to vat registered customers in european union

16 Nov 11

VAT registered businesses in the UK who are supplying goods and services to VAT registered customers in other countries in the European Union must tell HM Revenue & Customs about the supplies. They must do this on a regular basis by completing a document called an EU Sales List or ESL. It is important that these businesses make a note of each customer's VAT number and the value of the supplies made to them.

vat online

13 Feb 12

We are reminding VAT registered businesses that all VAT returns must be submitted online from 1 April 2012. Currently, only newly registered businesses and those with turnovers of more than £100,000 have to submit their VAT online, as well as pay electronically. Anyone else can send HM Revenue & Customs a paper VAT return but this all changes in the Spring.

should vat charges be made to overseas clients?

29 Feb 12

It seems to be more and more common that small business within the UK are providing their services customers elsewhere in the world. Where services are provided to customers outside the UK the question arises as to whether or not VAT should be charged.

vat refunds for business incurring vat in other eu countries

2 Apr 12

It is a common misconception that where VAT is incurred by a business in another EU country that this VAT can simply be reclaimed on the company's quarterly UK VAT return. This is not the case. Instead, there is a special procedure in place whereby businesses can reclaim the VAT through HM Revenue & Customs. This process is relatively easy but must be handled outside of their normal VAT returns.

vat on take-away food is a hot topic !

16 May 12

There has been some confusion over the government’s decision to add VAT to the price of hot food, relating to food supplied above the ‘ambient temperature’. Most food is zero-rated, however there are exceptions and some food is considered to be standard-rated. If seating is made available for customers or the food is supplied to be consumed hot it is standard-rated.

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