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All FAQs by date

List of frequently asked questions published by Markel Tax.

Are supplies VAT-exempt for a practitioner of alternative therapies

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November 2020

FAQ on whether a medically-trained therapist, providing services such as meditation techniques to improve clients' mental health, can claim a VAT exemption for supplies under the health exemption, even though they are not a member of any health professional body.

Tax status of UK dividends received by overseas client

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November 2020

FAQ on whether a client who lives overseas is liable to pay UK tax on a significant amount of dividends they receive from their Ltd company in the United Kingdom.

Changes to CGT reporting requirements

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September 2020

FAQ on whether the sale of a UK residential property is subject to the new 30 day capital gains tax reporting requirements.

VAT rate for renovation of a building housing an exempt service

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September 2020

FAQ on whether a decorator, employed to redecorate local GP surgery, is able to charge 20% VAT for their work, even though the medical services provided from the surgery are exempt.

Registering a holiday home as a limited company

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August 2020

FAQ clarifying what my client has been told locally about the income tax situation, where he intends to by a holiday home overseas, for use by his family and as a holiday let to others.

VAT changes in response to the coronavirus pandemic

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August 2020

FAQ about whether my café client can benefit from the reduced VAT rate and the Eat-Out-to-Help-Out scheme, introduced in response to COVID-19.

VAT and donations

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July 2020

FAQ about whether VAT should be charged on the sale of goods, if the proceeds of the sale are donated to charity.

Personal tax following a divorce

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July 2020

FAQ about the tax implications for my female client, as the courts are making an order for her ex-husband in respect of her pension rights following their divorce.

Tax implications of gifted property

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June 2020

FAQ on the capital gains tax consequences if a client gifts a house to one of their children.

VAT and coronavirus grants

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June 2020

FAQ on whether income from government loans and grants to support businesses during the Covid-19 pandemic are subject to VAT.

Capital gains tax on a property held in trust

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May 2020

FAQ on how to handle the capital gains tax for a commercial property that was held as part of a trust and was subsequently sold on, without being rented out.

VAT errors

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May 2020

FAQ on how what my client should do to rectify a error that was spotted when they were reviewing their VAT returns over the last 12 months.

Rules for UK residential property disposals from 6 April 2020

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April 2020

FAQ on on the requirements for submitting a UK land return to HMRC, for a client planning to sell a UK residential property in the 2020/21 tax year.

VAT on claims for subsistence

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April 2020

FAQ on on whether a VAT registered company can claim VAT back for round sum payments or allowances.

VAT - partial exemption

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March 2020

FAQ on whether a client, who provides both taxable and exempt supplies, can reclaim the VAT back in relation the exempt supplies.

Personal tax

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March 2020

FAQ on on the tax implications of a client gifting rental property, which they own outright, to their adult children.

VAT registration

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January 2020

FAQ on whether a client, who has two separate business, needs to register for VAT given his combined income.

Residence/domicile and treatment of inherited land

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December 2019

FAQ on the assessment of residential status of the UK-born daughters of a client who has been a UK resident for 25 years ago but was non-domiciled when he arrived, for the purpose of selling a piece of land inherited from the man's father.

VAT flat rate scheme and vehicle sale

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December 2019

FAQ on whether a client, who is a builder on the Flat Rate Scheme, can use the second hand margin scheme when selling a vehicle at a value less than the price he originally paid for it.

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