I have a VAT registered client whom we are considering moving onto Flat Rate.
A mobile phone company has won a legal appeal against HMRC for a repayment of almost £700,000 in VAT incurred on the sale of mobile phones connected to missing trader fraud.
I have, what might sound, like a silly question, but the more i think about it the more i am confused hence i really appreciate the help.
We have a client who operates an art gallery. They display the artwork in th UK and sell them on behalf of artist from all over the world.
So an employer agrees to pay for their employees car parking near their city centre office. The Cost is £70+vat.
Sole trader VAT registered client now to incorporate and I'm likely to keep it simple and do a transfer of the existing VAT registration.
I'm new here and would appreciate any help.
I have recently joined an Accountancy practice as a trainee; one of my training tasks is doing some bookkeeping for a client.
We are going to need to look at becoming VAT registered within the next 12 months or so.