The Financial Services Authority (FSA) has introduced new rules in the marketing of financial services products. This follows their Retail Distribution Review (RDR).
I'll keep this simple as it could get complicated.
Problem:- Customer wants ALL my supplier invoices to claim back VAT.
Pub chain Enterprise Inns lost an upper tier tribunal appeal that will curb its ability to reclaim input VAT on property-related overhead costs.
My client has purchased a portfolio of book debts from a financial institution, (who I believe to be VAT registered). My client then makes money by recovering the debts and hopefully at a profit.
In completing a clients VAT return I came across a purchase invoice issued in July 2012 that carried 17.5% VAT.
An owner of a takeaway food business has lost an appeal against a VAT bill, reports Nick Huber.
Does anyone know how to set up a direct debit for VAT on the HMRC portal? I seem to remember it offered you the option when you went to complete a VAT return, but now I cannot see it.
The right of UK sports clubs not to charge VAT on fees for non-members will have to be decided by the European Court of Justice following a referral from a upper tier tax tribunal.
I have an existing limited company client selling standard rated goods but under the threshold at mo. (t/o [£80k] £30k - see comments below).