UK Import VAT dangers
There are lots of situations where there are UK Import VAT dangers. Specifically goods are coming into the UK but the import is looked after by someone who is not the owner. HMRC have woken up to this mismatch and […]
VAT on Deposits and prepayments
HMRC have announced new rules from 1 March 2019 for handling VAT on deposits and prepayments or other payments received in advance of delivering goods or services. Read more here. Prior to the change if a customer paid but then […]
VAT treatment of Vouchers
The VAT treatment of vouchers has always been nightmarish and while new rules introduced in January 2019 (read more here) will make for an easier road, until previously issued vouchers have washed through the system we will still have scope […]
VAT & commissions
If I asked you ‘what is a commission?’ your answer would depend on whether you are an army officer, a sales agent or involved with insurance or finance. So anything to do with VAT & commissions is really a trick […]
Charity buildings & VAT certificates
The ongoing saga of charity buildings & VAT certificates catches a football club being penalised for issuing a VAT certificate to secure zero-rating. The case looks to have finally come to a close. The Upper-tier Tribunal (UT) decided against HMRC […]
When to issue VAT zero-rating certificates
A lesson here for anyone faced with deciding when to issue VAT zero-rating certificates. As shown in the case here, issuing qualifying use certificates on new buildings when you shouldn’t is bad news, you simply cannot be too careful. Aside […]