Will I have to VAT register my business which delivers GCSE education?
When is a vehicle a commercial vehicle for VAT purposes and can I claim all input VAT as a sole trader even if there is anticipated private use?
After the purchase and refurbishment of a freehold property on which the VAT has been reclaimed will this VAT have to be repaid when the business closes a year or more later?
My client is selling a property on which he recovered VAT a couple of years ago and has been occupying for his trade, and therefore I assumed that he must charge VAT on the sale. The prospective purchaser is hoping to develop four flats to let out so he won’t be able to recover any VAT, and his accountant believes that there is a way around this because our client purchased the property for less than £250,000.
As a jobbing builder, my client has reduced the number of projects he takes on as he approaches retirement, and as a result, his turnover has fallen below the VAT threshold and he wishes to deregister.
Can the partners make a fresh start with their VAT registration?
Service charges for commercial buildings are sometimes for separate supplies with their own VAT liability and sometimes treated as additional consideration for the building so that the treatment follows that of the rent.
My client is on the flat rate scheme and runs a computer repair shop. They have purchased computer components (goods) from the EU. What are the reporting requirements on the VAT return for these transactions?
HMRC’s policy on this is set out in Notice 701/10 (section 7) and in the manual VBOOKS4200 and these appear to be slightly at odds.
Some of the quirks within the flat-rate VAT scheme
My client has won a contract to decommission a power plant in Germany and will be invoicing a German company for the work. As this is a supply to a VAT- registered EU customer surely they can zero-rate?
The solicitor acting for the prospective purchaser has asked to see a copy of my client’s option to tax acknowledgement, which they cannot remember completing. Can they do a retrospective option to tax?