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Search results: 15 article(s) found in topic: Partial exemption - keyword: Partial exemption

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PAYBACK AND CLAWBACK

Is input tax repayable on materials and fees?

PARTIAL EXEMPTION

Taking advantage of the three de minimis tests

Your business has recently become partially exempt. You have read that you can still recover all of your VAT if you “meet the de minimis tests”. Why might you inadvertently pay too much and what must you ensure you don’t forget? More...

PARTIAL EXEMPTION

Take advantage of the first year concession

Your new business took over a lease on some premises on 1 April 2019 and registered for VAT on the same day. You have standard-rated income and have spent £100,000 on renovation. How do you maximise your VAT recovery? More...

VAT CASES

Management charge was genuine so company was de minimis for partial exemption.

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? More...

PARTIALLY EXEMPT VAT GROUPS

When a partially exempt VAT group buys another company

If you are a partially exempt VAT group which is buying a company, what are the VAT consequences for the buyer, and is there any advice to make things operate more efficiently? More...

PARTIAL EXEMPTION

Planning points for partially exempt businesses

If your business is classed as partially exempt, there are some things you can do to improve your VAT recovery, and therefore save your business money. What are they? More...

VAT CASES

North of England Zoological Society v Revenue & Customs [2015] UKFTT 287 (TC). Partial exemption

PARTIAL EXEMPTION

Improve your VAT recovery

If yours is a partly exempt business you don’t have to include all of your exempt income in your partial exemption calculation. But what will HMRC let you leave out enabling you to maximise your VAT recovery? More...

PARTIAL EXEMPTION

Partial exemption - the basics

When a business initially becomes partly exempt, the input tax it incurs and can recover in its first year does not always reflect its future use. If you’re in this boat, what can you do about it? More...
Last updated: 05.12.2019

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