VAT REgistration Query
Just come accross the following.
Potential client calls themselves a tour operator.
What they actually do is transport kids from Spain to the UK, provide accommodation (usually with a UK based familly) and then send them to a language school.
Turnover for last year to 31st March 2012 is £175k Cost of sales £85k Gross Profit £90K.
Sales invoices issued do not provide a breakdown of services provided just say something along the lines of ''English Language School serrvices for the Term''.
Confused by the vat situation should they be registed? Gross profit is above the threshold under the tour operators margin scheme - however they provide education?
Can anyone help?
- New ACCOUNTINGQUESTIONS website launching 245 6
- JUDGE FRAUD ALERT 236 4
- Closing my business down 52 3
- VAT on long lease in comercial property that has opted to Tax 190 6
- Director - earning less than £8500 and no taxable benefits - PllD? 73 1
- So who has completed a 2015 tax return then? 578 12
- Scams are not always obvious 2,238 36
- Auto Enrolment - Director Only Answer 1,461 21
- CIS Subcontractor Catch Twenty Two Position after 14 years 181 2
- What do you all do in your spare time? 830 33
- VAT flat rate scheme 85 1
- Can I record depreciation, prepayments and accrued expenses in cash accounting? 283 4
- Need some help on importing procedures and VAT 80 1
- I have let a client go as it wasnt worth the hassle, 2,088 19
- TaxCalc - A Return to Form 404 6
- Should a non trustee sign Scottish charity accounts? 146 1
- How do we get US withholding tax back? 214 3
- FPS or EPS 162 2
- Continuity of Practice 214 2
- IRIS Professional Yearend 141 2
- Moving away from CCH software 952
- QROP pension input amounts 439
- write off loan or loan to equity swap or both 381
- HMRC BENCHMARK EXPENSES 356
- Unused Losses and Post Cessation Receipts 325
- fraud 284
- EIS relief on transferring shares to spouse 256
- Sole trade business in UK, but the owner works from EU 227
- Construction CIS LLP Company 211
- EPS and CIS deductions 198