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 […]

Why make an early VAT plan for UK property

Why make an early VAT plan for UK property

Why make an early VAT plan for UK property?  The fact is it’s never too early to think about how VAT is going to work on a property project.  This is amply demonstrated by the Glasgow School of Art’s failed […]

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 […]

VAT treatment of sales invoices

VAT treatment of sales invoices

Never more so than in the construction industry, is it really important to get the VAT treatment of sales invoices right from the outset. As J&B Hopkins Ltd [2018] UKUT 0382 (TCC) found to its £220K cost, you cannot always […]