List of frequently asked questions published by Markel Tax.
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FAQ on whether a client has to retrospectively input a large volume of purchase data captured in ledgers into his digital records to comply with Making Tax Digital.
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FAQ on whether a client a client can claim tax relief on the structure of recently-built extension to their business premises.
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FAQ on whether a client can claim allowances on the building that his company has purchased.
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FAQ on whether a UK-based consulting company, providing strategy consultancy services to USA and Canadian based businesses only, can avoid VAT on general business costs and and sub-contracted services.
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FAQ on whether the new domestic reverse charge for construction services coming in from 1 October 2019 will affect my client supplies, who supplies construction services, usually as a sub-contractor to a main contractor.
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FAQ on whether on how their impending divorce will affect the tax on a rental property portfolio jointly owned by a couple. They are currently treated as joint tenancies of the properties.
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FAQ on whether accommodation provided by an employer becomes a taxable benefit. It was previously classed as a benefit in kind, but the former employee has been allowed to remain in the accommodation now that they have retired.
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FAQ on whether a flooring contractor should zero rate a whole invoice for materials used to fit out a new build dwelling, which included a mixture of hardwood flooring, carpets and ceramic floor tiles.
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FAQ on whether a client can set the property losses brought forward against the profits from a newly acquired rental property. He previously rented out a residential property in the UK, but sold it in 2012-13 and declared the capital gain on sale on that year’s tax return. He made a loss that year, which has been carried forward since.
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FAQ on whether a client, who is a central heating engineer, is correct in stating that work they carried out to install a new central heating system in the home of a disabled person is eligible for zero rating.
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FAQ on whether UK companies can claim research and development tax credits.
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FAQ on whether the sale of a property can be classed as a transfer of a business as a going concern (TOGC) for VAT purposes, as the occupier, who is buying the premises, rents out part of the building to a third party.
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FAQ on an accountants's obligations under MTD, when working for a retailer client who is unable to download transaction data into a format that can be uploaded into accounting software.
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FAQ on changes which will affect tax status of death in service benefits offered as part of a company pension scheme, for certain categories of employees.
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FAQ on whether an individual who wants to construct her own house on land she owns, can claim VAT charged by an Italian supplier for building materials.
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FAQ on whether paperwork is needed when civil partners who run a property rental business want to reapportion their shares of the income, when one of the partners takes a long leave of absence from the the business.
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FAQ on whether a client can reclaim VAT on the fuel element of the mileage allowance paid as a benefit to employees who use their own cars for work.
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FAQ on whether a client would be wise to put off incorporating his sole trading firm, while awaiting changes to the amortisation of goodwill due in April 2019.
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FAQ on what the issues around a client moving overseas for an undetermined period, and the handling of his company's financial affairs.
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FAQ on whether a client should notify HMRC when a business partner retires from a VAT-registered partnership.