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All FAQs by date

List of frequently asked questions published by Markel Tax.

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.

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 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.

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.

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 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.

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 - 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.

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.

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.

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.

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