Article Database

Search results: 8 article(s) found in year 1, issue 9

REGISTRATION

The registration amnesty

The VATman’s crack team that considers potential risk areas is now honing in on unregistered businesses. What’s the deal? More...

PARTIAL EXEMPTION

Time for the PE exercise

If your business makes exempt supplies, you’ll have to make a partial exemption calculation each time you complete a VAT return. Once a year you have to do an annual adjustment as well - what’s involved? More...

OUTPUT VAT

VAT on second-hand goods?

When you buy in second-hand goods, what’s the VAT position when you come to sell them on? And what about part-exchanged items? You’ve heard that there are schemes available - what’s involved? More...

FRAUD

Staff fraud. Who pays?

It’s bad enough finding out that a trusted member of staff or co-director has been stealing from the business. However, if VAT is involved the VATman will be after you for not only the missing tax but interest and penalties. What can you do? More...

CREDIT NOTES

Goods returned. VAT on credit note?

You supply goods and operate a “no quibble” returns policy. But rather than refund items, you’re considering issuing credit notes. This sounds like it could create potentially complex VAT issues. When do you have to issue them? More...

HMRC

The worth of a ruling

Many businesses are uncertain about their VAT affairs and need assistance, usually in the form of a written ruling from the VATman. What sort of service does he provide and is it worth the paper it’s written on? More...

VAT LEGISLATION

Cases roundup

NEW VAT PUBLICATIONS

Latest from the VATman

Last updated: 07.08.2020

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