VAT | AccountingWEB


VAT notice 701/36 5.1.1 Supplies made to the insured party states:


Business 1 (Our Business)


I have just been approached by a potential client and a question came up about VAT registration and Flat rate scheme. 


We have a client company which is a residential property letting agent.  They collect the rents from the tenants and pay them over to the landlords after deducting their standard rated VAT commissi


Interested in people's thoughts on where the line is between exempt office rental (assuming no option to tax) and standard rated serviced offices.  A few examples, just wondering where the cut off


I was wondering if anyone is aware of any groups that meet in person on either a regular or irregular basis to discuss VAT issues affecting Law Firms in particular?


The same property investment company, about which I asked a question last week, but a different topic.


During 2014, perhaps the question I have been asked most often is how a taxable person using the FRS (Flat Rate Scheme) has to treat cross-border supplies.


Looking at the 30 day rule for VAT (13 (5) vat regs 1995) and trying to interpret.  Where a law firm supplies it services on say, litigious matters it is classed as a continuous supply.


I have just registered client for VAT from 1 Jan. I told him this is in case HMRC take weeks, which could cause him problems with clients if he has to invoice before he gets the VAT number.