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Tips & Advice VAT

Tips & Advice VAT

Your monthly guide through the minefield of VAT rules, regulations and procedures

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Here are some of the topics we cover:

Administration

HMRC guidance

Agent's fees

Commission
Selling through an agent

Annual accounting

General

Anti-avoidance

Anti-avoidance
HMRC initiatives
Yachts

Appeals

Procedure
Protective claims
Time limits

Brexit

Brexit

Budget

Allowances
Miscellaneous
News

Business use

Assets
Change of use
Input VAT

Capital goods scheme

Lennartz accounting
News
Private use

Cars

Demonstrators
Miscellaneous
Number plates
Pool cars
Recovering VAT

Cash accounting

Cash accounting
Miscellaneous

Catering

Membership clubs
Staff canteens

Charities

Allowable costs
Donations and fund raising
Gift aid

Construction

Design and build contracts
Reverse charge
Zero rate

Contracts

Bonuses
Contractual arrangements
VAT-inclusive terms

Coronavirus

News

Credit notes

Credit notes
Procedure

Currencies

Bitcoin
Cryptocurrencies

Debt relief

Bad debt relief
Miscellaneous

Directors

Debts
Directors' liability

Distance selling

Agents

Donations

Goods and services
Saving VAT

EU Trade

EC Sales lists
Goods
Miscellaneous
Place of supply
Services

EU VAT Administration

SME scheme

Exemptions

Exempt supplies
Insurance commission
Miscellaneous
New exemptions

Expenses

Benefits
Business
Employee reimbursement
Entertainment
Equipment supplies
Fuel
Gifts
Home
Miscellaneous
Mobile phones
Personal
Recovery
Relocation
Subcontractors
Training
Travel

Extra statutory concessions

Effect of
Trade agreements

Flat rate scheme

Bars and restaurants
Benefits
Eligibility
Farmers
Limited cost trader
Miscellaneous
Savings

Fraud

Miscellaneous
Staff fraud
VAT on fraud

Gifts

Business gifts
Good causes

HMRC

Advice
Agreement with HMRC
Claiming interest
Complaints
Guidance
Making tax digital
New initiatives
News
Policy
Publications
Rulings
Scams
VAT online services

Imports

Postage costs

Input VAT

Aborted projects
Accountancy fees
Acquisition fees
Business acquisition costs
Business use
Clothing
Domestic accommodation
Educational establishments
Employee benefits
Homeworking expenses
Insurance claims
Printing costs
Racehorses
Selling a business
Sponsorship
Staff entertaining
Supply & install
Third party costs
Training costs
Transport

Insolvency

VAT recovery

Inspections

COP9 investigation
Dealing with/managing inspections
HMRC Targets
Miscellaneous
Procedure
Taxpayer's rights

Insurance

Block policy
Commission
Guarantees and warranties
Miscellaneous
Premium

Invoices

Barter transactions
Electronic invoicing
Miscellaneous
Requirements

Irrecoverable VAT

Miscellaneous
Offsetting

Legislation/Case law

Appeals
Brief 13/12
Building conversion
Default surcharges
Disallowance claim
FRS
Import VAT
Income status
Input VAT recovery
Investment fees
Legitimate expectation
Miscellaneous
New legislation
Penalties
Planning permission
Refunds
Registration date
Repayment
Security requirement
Self billing
Self-billing
TOGC
VAT avoidance schemes
VAT recovery
Voluntary disclosures
Zero rating

Making Tax Digital

Making Tax Digital

Money laundering

Agent obligations

News

Coronavirus
Debt relief
Enquiries and penalties
Groups
Input VAT
Land and property
Making Tax Digital
News
Output VAT
Overseas issues
Registration
VAT rates
VAT schemes

Output VAT

Antiques fairs
Apportionment
Caravans
Compensation payments
Conferences and events
Deposits
Disbursements
Discounts
Education
Educational establishments
Export schemes
Finance agreements
Food
Golf clubs/membership fees
Grant funding
Hairdressing
Hotel deposits
Hotels
Housebuilders
Inter-company charges
Lost/stolen items
Loyalty schemes
Miscellaneous
MOTs
Online services
Packaging
Parking fines
Part-exchange
Partnerships
Pawned goods
Postage charges
Pricing
Prompt payment discount
Purchase invoices
Retail schemes
Sales commission
Second-hand goods
Self-billing
Sporting memberships
Storage businesses
Sundries
Take-away food
Taxis
Tax points
Termination fees
Tips & gratuities
Vouchers

Overpaid VAT

Interest payable

Overseas VAT

Chain transactions
Cross border transactions
Customs warehouse
Digital downloads
Distance selling
EC sales lists
Expenses
Exports
Imports
Indirect exports
Internet sales
Intrastat
LVCR
Miscellaneous
MOSS
Place of supply
Reverse charging
Tax agent
Transport

Partial exemption

Annual adjustment
Miscellaneous
Partial exemption
Special method

Payments

Miscellaneous
Monthly payments
Payments on account
Prompt payment discount
Repayment inhibits
Repayments
Time to pay

Penalties/Enforcement

Alternative dispute resolution
Appeals
Late registration
Late returns
Miscellaneous
News
Notification procedure
Surcharges
Targets
VAT avoidance schemes
VATman's powers

Pensions

Reclaiming VAT

Place of supply

Customer location
Immovable property

Property

Building costs
Buy to rent
Change of use
Conversion costs
Listed buildings
Miscellaneous
Option to tax
Property-related payments
Rent
Rent arrears
Sale costs
Zero-rating

Reclaiming VAT

Miscellaneous
Mixed use assets
Overcharged VAT
Recoverable VAT
Unjust enrichment

Registration

Business splitting
De-registration
Divisional registration
Early registration
Group
Holding companies
Miscellaneous
Multiple registrations
Overseas businesses
Pre-registration expenses
Procedure
Supplies outside the UK

Reverse charging

Mobile phones

Samples

Business samples
Miscellaneous

Scale charge

Miscellaneous
Partial exemption

Tax points

Annual tax points
Supply of services

Technical note

Removal of ESCs

Transfers

News
Purchasing a business
TOGC

VAT Briefs

Brief 01/14
Brief 02/13
Brief 03/14
Brief 04/14
Brief 04/16
Brief 05/14
Brief 06/14
Brief 07/16
Brief 08/14
Brief 08/15
Brief 09/13
Brief 09/15
Brief 10/10
Brief 10/13
Brief 10/15
Brief 10/16
Brief 12/15
Brief 13/12
Brief 13/15
Brief 13/16
Brief 16/13
Brief 17/13
Brief 17/15
Brief 17/16
Brief 18/10
Brief 18/13
Brief 19/14
Brief 19/15
Brief 20/14
Brief 21/14
Brief 21/15
Brief 2/15
Brief 23/12
Brief 23/14
Brief 25/12
Brief 26/14
Brief 27/14
Brief 28/14
Brief 29/14
Brief 30/12
Brief 31/12
Brief 33/12
Brief 33/13
Brief 34/12
Brief 36/13
Brief 36/14
Brief 37/12
Brief 38/13
Brief 38/14
Brief 39/14
Brief 40/13
Brief 43/14
Brief 44/14
Brief 46/14
Brief 47/14
Brief 49/14
Brief 8/15
Capital goods scheme
Caravan sites
Declaration deadline
Form VAT426
Fuel scale charge
Inspections
Intrastat
Miscellaneous
Paying VAT
Photo books
Pre-registration claims
Refunds
Reverse charging
Sailaway boat scheme
Services connected to land
Transport
Utility supply
VAT anomalies
Vouchers

VAT groups

Holding companies
Joining/leaving
Proposals

VAT information sheet

Sheet 01/15
Sheet 02/17
Sheet 04/15
Sheet 10/13
Sheet 18/12
Sheet 6/13

VAT management

Barter transactions
General house-keeping
Reverse charging

VAT notices

Notice 1001
Notice 143
Notice 144
Notice 161
Notice 179
Notice 237
Notice 300
Notice 48
Notice 60
Notice 700
Notice 700/1
Notice 700/11
Notice 700/12
Notice 700/17
Notice 700/21
Notice 700/24
Notice 700/34
Notice 700/44
Notice 700/45
Notice 700/56
Notice 700/58
Notice 700/60
Notice 700/63
Notice 700/64
Notice 700/8
Notice 701/05
Notice 701/10
Notice 701/14
Notice 701/20
Notice 701/29
Notice 701/30
Notice 701/36
Notice 701/5
Notice 701/57
Notice 702
Notice 702/7
Notice 703
Notice 707
Notice 708
Notice 709/1
Notice 709/3
Notice 714
Notice 725
Notice 727
Notice 731
Notice 732
Notice 735
Notice 741A
Notice 742
Notice 998

VAT numbers

Checking

VAT Rate

0% Rate
17.5% Rate
20% Rate
5% Rate
Anti-avoidance
Environmental issues
Exempt supplies
Flat rate scheme
Partial exemption
Rate changes
Zero rating

VAT records

Minimum requirements

VAT Returns

Accounting periods
Assessments
Authorising agents
Correcting errors
Electronic filing
Errors
Intrastat
Late filing
Miscellaneous
Penalties

VAT schemes

Annual accounting
Capital goods scheme
Retail schemes
Second hand goods
TOMS
Trade promotion

Zero rating

Disability

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In the most recent issue you'll find advice on...

Year 14 - issue 10 - 06.09.2024

REGISTRATION

17% of registration applications refused

HMRC rejected 52,000 VAT registration applications last year out of a total of 314,000. A further 1,000 were withdrawn. Why is this a risk for your business?

FLAT RATE SCHEME

Is your flat rate category still correct?

Your business uses the flat rate scheme but you have not carried out regular reviews to check that your trade category is still correct. How should you correct your past returns if you did not change it at the right time?

VAT SCHEMES

Cash and annual accounting schemes: when to leave?

High rates of inflation mean that your sales might have increased because of price adjustments. When must you leave the two schemes and are they still worthwhile for your business anyway?

MIXED SUPPLIES

Training manuals - single or mixed supply?

A subscriber supplies training services to corporate customers, many of whom are unregistered. Can they form a separate business to sell training manuals to their customers to save VAT?

PRICE CHANGES

How to adjust VAT when you agree a price reduction?

One of your customers refused to pay a sales invoice five years ago, which resulted in you taking legal action. The legal process has now ruled that you must reduce your invoices by 50% of the original amount. How will you deal with VAT on these invoices?

INVOICES

Do supplier invoices contain enough detail?

HMRC recently challenged the input tax claimed by a business because a supplier’s narrative was too brief but the tax tribunal overturned the decision. Should you review the wording on your supplier invoices to prevent similar problems with HMRC?