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All FAQs by date

List of frequently asked questions published by Markel Tax.

CGT Private residence relief

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November 2019

FAQ on whether a client can benefit from Private Residence Relief and Lettings Relief, even though the property, which was once their only or main residence, has been let out for several years.

VAT - box 7

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November 2019

FAQ on how an architect client should treat his occasional outsourcing to other architect firms, who are not VAT registered, and whether their work should be entered in box 7.

Pre-registration - VAT

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October 2019

FAQ on whether a client can reclaim VAT on a vehicle purchased prior to incorporating his business, when he was working as a sole trader.

Application of PAYE following employment tribunal

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October 2019

FAQ on the rate of PAYE that should be charged on back pay, received by a female employee following a successful employment tribunal equal pay case.

Manually inputting paper records to comply with MTD

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August 2019

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.

Tax relief on business premises

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August 2019

FAQ on whether a client a client can claim tax relief on the structure of recently-built extension to their business premises.

Tax relief on commercial property

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July 2019

FAQ on whether a client can claim allowances on the building that his company has purchased.

VAT registration if no UK supplies

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July 2019

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.

VAT construction reverse charge

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September 2019

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.

Tax implications of divorce on rental properties

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September 2019

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.

VAT liability of flooring materials used in new-build property

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June 2019

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.

Change of tenant's status in tied accommodation

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June 2019

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.

Offsetting earlier losses from property rental against future profits

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May 2019

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.

VAT zero rating on services carried out for a disabled customer

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May 2019

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.

TOGC in a property that is partially-let

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April 2019

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.

Research and development for partnerships

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April 2019

FAQ on whether UK companies can claim research and development tax credits.

Manual entry of client's data into MTD accounting software

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March 2019

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.

Tax exemption and death in service benefits

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March 2019

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.

Claiming back VAT under the DIY self-build scheme

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February 2019

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.

The need for a form 17 when circumstances change

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February 2019

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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