New VAT rules for building work

New VAT rules for building work

If you buy in building work you need to get ready for some radically new VAT rules for building work that are being imposed from [were due to be 2019 but postponed to] October 2020 under the new Domestic Reverse […]

VAT claims on cars.

VAT claims on cars. Is it business or personal?

A refreshingly unexpected decision from the tribunal that three cars (an Audi A8, a Mini Cooper and a Porsche Cayenne), kept at the director’s home address were not available for private use – with the result?  Full input VAT recovery! […]

UK VAT Bookkeeping

UK VAT Bookkeeping

The mesmerising mess surrounding the failed VAT appeal made by First Agency Limited (TC06593).  This should be a lesson to everyone to get their house in order and understand why you need good UK VAT Bookkeeping.  The taxpayer lost nearly […]

VAT Dangers of Business Separation

VAT Dangers of Business Separation

There is a seemingly endless debate about whether the £85k VAT registration limit creates an obstacle for small businesses.  This was brought out again in the surprisingly successful tribunal appeal made by Darren Vaughan (TC06910).  Although he had a very […]

What is a new building?

What is a new building?

‘What is a new building?’ sounds like an incredibly easy question to answer but it has had everyone jumping through hoops for decades.  Here we see another decision in the tribunal adressing this old chestnut.  Proving yet again that when […]

Mitigating and Avoiding VAT Penalties

Mitigating and Avoiding VAT Penalties – HMRC TC07051

You may have become aware of HMRC’s increasingly aggressive approach to applying penalties to VAT mistakes. So it makes sense to focus on mitigating and avoiding VAT penalties. We have certainly had arguments with HMRC about what is careless and […]