Frequently asked questions from Markel Tax on value added tax.
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FAQ on whether income from government loans and grants to support businesses during the Covid-19 pandemic are subject to VAT.
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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.
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FAQ on on whether a VAT registered company can claim VAT back for round sum payments or allowances.
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FAQ on whether a client, who provides both taxable and exempt supplies, can reclaim the VAT back in relation the exempt supplies.
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FAQ on whether a client, who has two separate business, needs to register for VAT given his combined income.
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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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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.
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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.
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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 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 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 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 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 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 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 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 should notify HMRC when a business partner retires from a VAT-registered partnership.
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FAQ on which percentage rate under the Flat Rate Scheme should be chosen for a scriptwriter client who produces work both for films and TV, but also writes books.
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FAQ on the VAT status of an electric car purchased for a business, which is also used for driving to and from work.