I have an existing limited company client selling standard rated goods but under the threshold at mo. (t/o [£80k] £30k - see comments below).
former book keeper has put mortgage (capital and repayment) and bank charges into box 7
Some of my colleagues are increasingly using well know web sites to book their hotel rooms. They think they are getting a bargain deal.
This article highlights a risk area where a UK taxpayer buys services from a supplier based elsewhere in the EU. The problem is growing, and HMRC have issued assessments and penalties.
I have been trying to work out the de minimis rules for VAT.
I have read the HMRC notice and I think I understand what it means.
Client ordered a Kindle from Amazon and asked for a valid VAT invoice as the Kindle will be used for business purposes.
I have just received all of my new clients paperwork and after going through it all he has at the least turned over £754 above the VAT registration threshold or at the most £2,184 above the thresho
London barrister Rohan Anthony Pershad QC has today (2 August) faced charges in court of failing to pay £600,000 in VAT.
Clarification regarding VAT effective date of registration.
Exceed threshold in April
Labile to register 30 April