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Search results: 9 article(s) found in year 5, issue 11

VAT RATES

5% rate on energy-saving materials

The Court of Justice of the European Union (CJEU) has ruled that the UK reduced rate on energy-saving materials is illegal. Why and what might be the impact? More...

PENALTIES

DIY housebuilders - watch out for penalties!

If you’re building your own house and claiming the VAT back from HMRC beware of making any errors in the claim or it could result in a penalty. What should you watch out for? More...

INPUT VAT RECOVERY

Latest HMRC attack on input tax recovery

It’s always been understood that to recover input tax the costs have to be incurred for a business purpose. But HMRC seems to be trying to narrow the definition of a business purpose. What’s the latest? More...

SECOND-HAND GOODS

Buying and selling second-hand goods

If you buy or sell second-hand goods there are special rules that apply to the VAT position. There are margin schemes available to ease the process. What do you need to know? More...

FLAT RATE SCHEME

FRS tips and traps

If your business is considering joining or leaving the flat rate scheme there are a number of points to take into account to ensure that everything runs smoothly. But what are they? More...

OVERSEAS ISSUES

How is the new MOSS system working?

The first returns under the new mini one stop shop (MOSS) system have been submitted. So now that it’s working in practice what are the key elements you need to take into account? More...

Vat cases

Sam Smith t/a Heliops UK v Revenue & Customs [2015] UKFTT 24 (TC). Pre-registration VAT

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Last updated: 07.08.2020

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