Tips & Advice VAT
Your monthly guide through the minefield of VAT rules, regulations and procedures
Tips & Advice VAT is...
A digital newsletter: to
- Safely take care of all your VAT responsibilities
- Manage VAT admin in an effective way
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- 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
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- Business owners
- Company directors
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- Bookkeepers
- Advisors
- Financial controllers/directors
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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
- 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
- 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 5 - 08.03.2024
CONSTRUCTIONBuilding certificates needed for 0% VATIf you provide construction services on a new building to be used for a relevant charitable or residential purpose, or sell a new building to the users, your supply will be zero-rated. But what documents must you get? |
COMPLIANCEHMRC targets cash traders in hot food and cateringHMRC’s computer system has identified 4,000 traders in the hot food and catering sector that may be under-recording sales. What does this mean for your business and could the review be extended to other sectors? |
RENTAL INCOMEWhat if you’ve lost your option to tax election?You’ve signed a lease with a new tenant for the commercial property you’ve owned and rented out for six years. The tenant has asked for a copy of your option to tax confirmation letter from HMRC but you cannot find it. What should you do? |
INPUT TAXSelf-billing: is HMRC’s input tax assessment correct?One of our subscribers had a recent compliance review and the officer disallowed input tax claimed on self-billed invoices issued to a supplier who deregistered 18 months ago. Is the officer correct to do this and what should our subscriber do? |
PROMOTIONSHow to account for VAT on customer vouchers?Your business will sell vouchers to customers that can be redeemed in the future against goods or services that you sell. How should you account for VAT on these vouchers to avoid a problem with HMRC? |
RECORD KEEPINGHow long do you need to keep VAT records?The legislation states that you only need to correct errors made on your returns for the last four years, so can you destroy your accounting records and invoices that are more than four years old? And how could you save on storage costs? |
VAT CASESShould VAT on ride-hailing service be based on profit margin? |
VAT CASESCould company rely on “legitimate expectation” principle? |
DEREGISTRATIONCan my business deregister retrospectively? |
BUILDINGSDo we charge VAT to demolish building so that houses can be built? |
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