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EU SALES

New de minimis threshold for MOSS

Legislation has been passed to introduce an £8,818 de minimis threshold before your business will need to register for MOSS in relation to e-services sales. How will this operate in practice?
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PARTIAL EXEMPTION

Increase your partially exempt VAT recovery

Your business has two sources of income, one is exempt from VAT and the other is standard-rated. You are about to spend £150,000 plus VAT improving your trading premises. Is there a way of increasing your VAT recovery?
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DEFAULT SURCHARGE

Can’t pay in full? How do you avoid a penalty?

Your business is already on a default surcharge notice period, and is now experiencing cash flow problems. Your VAT return is due tomorrow, but you don’t have enough cash to pay the bill. Can you avoid a penalty?
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FLAT RATE SCHEME

Flat rate scheme: confusion about selling assets

One of our subscribers is confused about the VAT procedures for selling vehicles if a business uses the flat rate scheme. Is there a difference between selling a car and a van, and how do they ensure the correct treatment?
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MAKING TAX DIGITAL

Dealing with small value purchases and retail sales

You’ve read that you will need to digitally record all sales and purchase invoices when Making Tax Digital (MTD) is introduced. Is there a way around this problem in the case of minor expense items or cash sales made by your retail business?
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OUTPUT TAX

Apportioning output tax - how to avoid overpaying

If you sell a bundle of goods or services subject to different rates of VAT, you will need to apportion the output tax you pay. What is the best way of doing this to avoid a challenge from HMRC but also to ensure you don’t overpay VAT?
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Last updated: 15.01.2019

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