I frequently come across situations where a charity has trading income. Such income can have VAT implications. In a worst case scenario, modest trading activity can jeopardise zero rating for the construction of a building for the charity.
this blog raises and addresses VAT issues.
I work with Accountants, Charities, and SMEs, providing VAT support. I come across a wide variety of interesting people, and a wide variety of VAT issues. Some of them will find their way to this blog.
And, I play guitar, but you probably guessed that!
Some good news! Thank you HMRC.
I produced an article for another site, providing a template for a taxpayer to represent himself at Tribunal. Read the article here at http://www.taxguide.co.uk/content/vat-and-tax-penalties.
Politicians have fed the avoidance mentality by offering a lower tax burden ‘if you vote for us.’ In contrast, social responsibility means we are all willing to pay our share, so as to provide public services.
With effect from 1 October 2012, approved alterations will cease to be zero rated.
After years of argument and Tribunal and Court cases, new legislation comes into force on 1 February 2013. The aim is to streamline legislation applying to gaming machines of al types, and to ensure a ‘level playing field’ in relation to the tax applied to such machines.
From 1 October 2012, any charge for ‘chair rental’ or similar at a hairdresser’s or beauty salon becomes standard rated for VAT.
This is a potential banana skin, so check the rules carefully! Note first that HMRC assume that everyone uses their cars for business AND private purposes. If the reality is different, be prepared to prove it!
The Tribunal has released its decisions in the case of Harrier LLC ( UKFTT 725).
The Tribunal and higher Courts have heard a number of cases over the years concerning the application of VAT (or not) to deposits and penalty charges. A couple of recent cases highlight the issues.