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VAT on employed status

Should VAT be charged on Employed Income?

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If you have a VAT registered Self employed business and then do an additional job through which you are paid through PAYE, do you have to account for VAT on you Employed status income?

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By the_drookit_dug
16th Dec 2019 13:34

No

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By chicken farmer
16th Dec 2019 13:37

VAT is due where taxable supplies are made in the course or furtherance of a business. Does this answer your question?

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RLI
By lionofludesch
16th Dec 2019 13:50

No, of course you don't.

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By DKB-Sheffield
16th Dec 2019 14:06

Absolutely not!

It is not trading income related to the supply of goods or services.

Incidentally, it is also not included in the assessment of VAT Registration or Deregistration threshold. So, if your client was subject to compulsory VAT, and if since taking on PAYE income, their turnover has decreased below the threshold, they may be eligible to deregister. Just a thought?!

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By sculptureofman
16th Dec 2019 14:27

Jesus wept

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Replying to sculptureofman:
RLI
By lionofludesch
16th Dec 2019 14:53

sculptureofman wrote:

Jesus wept

John 11:35

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By The Dullard
16th Dec 2019 14:43

Yes.

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By penelope pitstop
16th Dec 2019 15:06

Ignore all of the above comments.

Everyone knows you charge stamp duty reserve tax on it.

There are just too many sarcastic posters on this website.

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By Accountant A
16th Dec 2019 17:27

He's not a VAT specialist, to be fair ....

https://www.accountingweb.co.uk/any-answers/vat-on-property-9

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