Can VAT be reclaimed?

Can VAT be reclaimed?

Two very different cases through the VAT tribunal addressed the question of ‘Can VAT be reclaimed?’.  What was interesting was that both cases used the same tests to decide whether input VAT could be reclaimed and in one case whether […]

Is VAT due on commission?

Is VAT due on commission?

I have heard this question asked countless times: ‘Is VAT due on commission?’.  Such a simple question but with a real can of worms for an answer.  The reason for that is, not only can commission be paid on just […]

Accounts -v- VAT returns - do they match?

Accounts -v- VAT returns – do they match?

Accounts -v- VAT returns values not matching can lead to problems with HMRC. One of the standard checks run by HMRC when reviewing an organisation’s records is to compare the statutory account with the VAT returns submitted.  It is always […]

Disaggregation – One business or two?

Disaggregation – One business or two?

Rules surrounding Disaggregation and whether there is one business or two are important to consider. This can lead to the correct person not recognising the correct amount of turnover especially where one or both businesses is not VAT registered.  We […]

sport clubs & charities

VAT for Sport clubs & charities

This is all about VAT for Sports Clubs & charities and the problems faced by CASCs with VAT relief on construction. In two quite separate cases two more sports clubs have fallen VAT victim to the distinction between a CASC […]

HMRC policy on lease changes

HMRC policy on lease changes

It is extremely likely that nothing will be returning to normal anytime soon and that must surely be more true of commercial property than of almost anything else. Both landlords and tenants are busy renegotiating lease terms going forwards, in […]