A company operating in the construction sector carries out work as subcontractors for main contractors.
The sales scenario is:
I have a corporate client that has just sold their business van - when it was originally purchased there was no input VAT claimed as it was sold by Citroen in the 'margin scheme' so the client was
One of the most common questions I come across is whether a taxpayer should opt to tax a property. It frequently leads to all manner of problems, and it really shouldn’t!
I have a new client who wants to start trading as a sole trader selling pies.
My customer is on the Flat Rate VAT Scheme.
I raised an accounts receivable invoice on the 31 May 2012 for £75,000 + £15,000 VAT (£90,000).
From 1 October 2012 the rules surrounding the tax liability of chair rentals in hairdressing salons will be updated as HMRC moves to ensure salons and barbers correctly identify the rental as being
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.