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Tips & Advice VAT

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

Tips & Advice VAT is... 

A newsletter: available on paper and/or digitally to

  • Safely take care of all your VAT responsibilities
  • Manage VAT admin in an effective way
  • Stay up to date with new rules on VAT
  • Avoid problems with HMRC
  • Deal with your external advisors on an equal basis
  • Reduce the VAT form filling headache
  • Fully understand when a VAT liability arises

A unique concept...

  • Easy-to-apply advice and solutions
  • Short and simple - in clear language
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A unique collaboration between

  • Our in-house experts
  • A broad network of specialists who are experts in their fields

We've created this newsletter for... 

  • Business owners
  • Company directors
  • In-house accountants
  • Bookkeepers
  • Advisors
  • Financial controllers/directors

Extras with our advice... 

Ready-to-use documents, letters, checklists...

  • Get the most from our advice in practice
  • Customisable to suit your personal circumstances

Calculators

  • Quickly calculate the most profitable solution
  • Compare different options and choose the best one

Examples and source material

  • So you can be sure your position is legally secure

Download these extras quickly and easily via the digital version of this newsletter.

The following topics are covered on a regular basis...


Agent's fees

  • Commission
  • Selling through an agent

Annual accounting

  • General

Anti-avoidance

  • Anti-avoidance
  • HMRC initiatives
  • Yachts

Appeals

  • Procedure
  • Protective claims
  • Time limits

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
  • Zero rate

Contracts

  • Contractual arrangements
  • VAT-inclusive terms

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

  • Good causes

HMRC

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

Input VAT

  • Aborted projects
  • Accountancy fees
  • Acquisition fees
  • Business acquisition costs
  • Business use
  • Clothing
  • Domestic accommodation
  • Educational establishments
  • Employee benefits
  • 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

Money laundering

  • Agent obligations

Output VAT

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

  • 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

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
  • 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 702/7
  • 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
  • Retail schemes
  • Second hand goods
  • TOMS
  • Trade promotion

Zero rating

  • Disability

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  • 24/7 online access to the digital version (website + app)
  • All previously published articles readily available in our online database

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


Year 8 - issue 6 - 06.04.2018

VAT REGISTRATION

Registration threshold frozen

After much speculation, the VAT registration was not lowered in the autumn 2017 Budget, but instead frozen for “at least” two years. Whilst this seems good news, why could it still lead to problems?

FLAT RATE SCHEME

Is the flat rate scheme always worth using?

If your business is small you might consider using the flat rate scheme (FRS) to simplify VAT administration. How can combining it with cash accounting mean extra savings? And are there circumstances when you should avoid it?

PART-EXCHANGES

Trade in prices for second-hand cars

If you deal in second-hand cars, you will probably offer a part-exchange allowance as a way of reducing the cash needed to make the purchase. What can you do to save yourself some VAT?

IMPORTS

What can you claim when you import goods?

The government’s December 2017 deal with the EU means that the current rules on VAT and Duty on imports could continue for several years. What can you do to make sure you claim the right amounts back?

CRYPTOCURRENCIES

What is the VAT position of cryptocurrencies?

What is the VAT position of income received from, and charges made in connection with, the use of cryptocurrencies such as Bitcoin? Do you need to account for VAT?

ENTERTAINING

Recovering VAT from your Christmas costs

It is likely that you incurred some costs for staff and/or client entertaining and gifts during December 2017. What is the VAT position, and are there any steps that can be taken to avoid a charge?

VAT CASES

Richard Akester v HMRC UT/2016/0221. DIY Housebuilders’ Scheme

VAT CASES

Hemisphere Freight Services Ltd v HMRC TC/2016/03015. Overpaid VAT

NEW VAT PUBLICATIONS

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