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MAKING TAX DIGITAL

Guidance on exemptions published

HMRC has finally published guidance about when a business might be exempt from the requirements of Making Tax Digital (MTD) after April 2019. How do you secure and request an exemption?
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PARTIAL EXEMPTION

Letting out space in part of your premises

You have reviewed your shop or office arrangements and realise that you have surplus space that could be sub-let to another business. What VAT issues need to be considered before you make this decision?
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AGENCY RULES

Agency solution for a one-off UK selling event

One of your overseas customers has asked you to organise a one-day sale of their goods in the UK. The goods will be imported from America from the customer’s warehouse. Does this create a VAT problem for your customer?
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LEGAL FEES

Can you claim back VAT on legal fees?

One of your directors is facing litigation that could affect your business reputation. Can you claim input tax on their legal fees if your business, rather than the individual employee, agrees to pay the bills?
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DEREGISTRATION

Output tax on stock and assets when partially exempt

A subscriber owns a boat chartering business but now wants to deregister because their income has fallen below the VAT threshold. What pitfalls should they be aware of before giving up their VAT number?
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VAT GROUPS

VAT group opportunity for exempt businesses

You have a VAT-exempt side project, and are looking to form another to pursue a new exempt activity. Your first company will make an annual charge of £150,000 to the new one for shared staff and overheads. How can you avoid VAT issues?
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TRANSFER OF A GOING CONCERN

Should VAT be charged on hotel purchase?

Last updated: 17.04.2019

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