The upper tribunal has reinforced HMRC’s VAT surcharge regime by overturning Trinity Mirror’s first tier tribunal victory.
A bad debt is bad news for any business. But are you aware that a VAT windfall can be claimed by a business that uses the flat rate scheme (FRS) and incurs a bad debt?
I have a new client and bit confused about his VT treatment.
A dentist client who also provide cosmetic (vatable) services.
One important principle of VAT is that input tax is deductible only by the person to whom the supply is made.
What is the latest position on HMRC’s revised interpretation of the law in relation to a business claiming input tax on pre-registration expenses? Neil Warren reports
This has now happened with two of my clients on separate occasions (different VAT periods).
Morning! Here’s the news.
* * *
Gauke criticises airport VAT scam
Client May VAT return was filed 10 June. Due rebate of £19.5k and this is the first return.
or, is City Fresh Services Ltd an answer to Rapid Sequence Ltd?