Some say his calculator goes all the way up to eleven, others that he only turns left when there are no ladybirds in sight....All I know is...he is Democratus
I am struggling to make sense of this too.
If the employer can be sure that the fuel paid on the card is not in fact a payroll benefit to be included with the employees taxable pay, then they should P11D it. The employee may just save on the NIC. "IF" being operative.
As an employee they can rely on the employer getting it right when the brown stuff eventually interacts with the rotational cooling device...as an employer I'd be concerned.
Other issues which could be affected spring to mind: NLW/NMW, Pension contributions, benefits /tax credits for the employee, holiday pay calculations ....and possibly many more.
But what do i know!
Maybe the employer has taken advice from a man down the pub who knows a bloke who does it.
If you have lost your argument in the courts then surely your original invoice needs credited. That would cover the VAT recovery by you. That's my tuppence.
What does the Expense policy around Travel say is treated as the home; normally I would expect that the registered address held by HR/Payroll is the address and that's the address from which home to temp workplace rules apply. Should the employee, for whatever (cough cough) reason, wish to stay overnight somewhere else then that's all private usage. Home to other "home" at least. Perhaps an argument that the original mileage from registered address to temp site is held as the non commute mileage and any adverse difference in mileage treated as private.
Employees, always finding new ways to challenge the simple life that we accountants like.
Just to add to the discussion, if it is indeed self billing then it should be renewed annually, but rarely is IMHO.
I spent many many months getting Wetherspoons to actually comply with their own SB arrangements several years ago....maybe they were all on the P155 when they set it up!!!
Well, it does seem that the gross cost is your purchase price for capitalising and you will need to release the Grant through the P&L to match the depreciation period. IMHO.
Who got the grant? The installer or the Company you work for?
That'll help you figure out the double entry. You suggest (or at least that's what i am reading into your summary) that the installer took advantage of the scheme and that's where the grant went, so, you bought it at £900.00 if that's the case.
lower case d, though, I guess I should have had a disclaimer. The Dullard is far from his nom-de=plume and any sleight given was unintentional and accidental....sorry, though I am sure no insult was taken.
My answers
I am struggling to make sense of this too.
If the employer can be sure that the fuel paid on the card is not in fact a payroll benefit to be included with the employees taxable pay, then they should P11D it. The employee may just save on the NIC. "IF" being operative.
As an employee they can rely on the employer getting it right when the brown stuff eventually interacts with the rotational cooling device...as an employer I'd be concerned.
Other issues which could be affected spring to mind: NLW/NMW, Pension contributions, benefits /tax credits for the employee, holiday pay calculations ....and possibly many more.
But what do i know!
Maybe the employer has taken advice from a man down the pub who knows a bloke who does it.
3rd most important after closeness to tea/coffee and of course - farthest away from the toilets!
If you have lost your argument in the courts then surely your original invoice needs credited. That would cover the VAT recovery by you. That's my tuppence.
What does the Expense policy around Travel say is treated as the home; normally I would expect that the registered address held by HR/Payroll is the address and that's the address from which home to temp workplace rules apply. Should the employee, for whatever (cough cough) reason, wish to stay overnight somewhere else then that's all private usage. Home to other "home" at least. Perhaps an argument that the original mileage from registered address to temp site is held as the non commute mileage and any adverse difference in mileage treated as private.
Employees, always finding new ways to challenge the simple life that we accountants like.
Just to add to the discussion, if it is indeed self billing then it should be renewed annually, but rarely is IMHO.
I spent many many months getting Wetherspoons to actually comply with their own SB arrangements several years ago....maybe they were all on the P155 when they set it up!!!
Worth checking out 741A
https://www.gov.uk/guidance/vat-place-of-supply-of-services-notice-741a#...
I'd go with yes, why would it not?
But there are VAT experts here so i remain cautious in my statement. Lets see.
Do they owe this supplier sufficient to offset some or all of this incorrectly charged VAT? That would be my first port of call.
Well, it does seem that the gross cost is your purchase price for capitalising and you will need to release the Grant through the P&L to match the depreciation period. IMHO.
Who got the grant? The installer or the Company you work for?
That'll help you figure out the double entry. You suggest (or at least that's what i am reading into your summary) that the installer took advantage of the scheme and that's where the grant went, so, you bought it at £900.00 if that's the case.
lower case d, though, I guess I should have had a disclaimer. The Dullard is far from his nom-de=plume and any sleight given was unintentional and accidental....sorry, though I am sure no insult was taken.