Member Since: 24th Feb 2011
15th Dec 2017
Correct meant 31 January 2019 - corrected my original post.
Why one shouldn't write these things late at night! :-)
7th Sep 2017
Many thanks for the response.
Say Company B is an agency driver company.
Company A hired an agency driver from company B to drive one of its own vehicles for a delivery.
The agency driver completed the job as agreed however accidently damaged the vehicle.
Company A completed the repair and recharged company B at cost (no margin or admin fee).
So Company B supplied services to Company A in the form of an agency driver.
Company A used these services for its own supply of services to its own customer.
I would argue that the accident repair recharge has no trade of goods or services thus can be kept to the balance sheet?
20th Mar 2017
Was wondering how reasonable HMRC might be but I assume that accurate records would be required with fuel receipts as evidence.
Where do you stand on the business mileage classification if I may?
20th Mar 2017
Lol I am one!
Just uncertain in this in the two areas of:
1) Whether it is business mileage and;
2) Best approach with HMRC for backdated claims via an estimate.
If you've got any thoughts greatly appreciated!
26th Jun 2015
Sorry for the late reply been very hectic!
So we are saying there are multiple supplies of goods or services?
The main supply to the customer is use of warehouse however it is customer managed - as such any costs were incur are recharged to the customer.
So the question is should (1) should VAT be included on the recharges to the customer and (2) should VAT be charges at the prevailing rate in which it was incurred by our company (e.g. standard rate, reduced rate, zero rated, exempt).
Thanks any and all for your help!
21st May 2015
Though we are VAT registered it is not a trade of our business.
We are not a supplier per say there has been no trade of goods or services, merely a damage recharge.
Do you have any HMRC links please to evidence please?
24th Apr 2014
It's mainly just friends asking for advice regarding general issues: mortgages, setting up companies, becoming shareholders.
Naturally I am quite hesitant and have in the past suggested seeking advice from a previous practice employer.
No payments to be received.
Just if any of the above goes south sometimes people can look for others to blame....
Many thanks for the replies keep them coming!
31st Mar 2012
Hi Time for change!
Thanks I called this morning got straight through no problems.
This is my first year of membership so no back dating for me!
My PAYE code has been extended no problems simple as. Very pleased!
26th Feb 2012
This is an acquisition of goods from an EU member VAT registered business by a UK VAT registered business.
The supplier in Belgium should be zero-rating the supply to the UK. No VAT should be suffered by your client.
Your client must treat this acquisition as a 'self supply' thus charge himself (box 2) and reclaim (box 4) the VAT on purchase at the equivalent UK rate of 20.0%.
The reverse charge mechanism applies to certain specific goods (microchips etc.) and services from outside the UK.
25th Jan 2012
I have copied two links at the bottom of the page relevant to your question to print and review for your records and understanding. The first link is an overview of the topic in hand and the second link is a flow chart you may find useful for supplies of electronic services to the EU.
The accounting for the VAT on sales to the EU depends on whether the EU supply of the electronic service (of which software is classified) is: (i) B2B (business to business) or (ii) B2C (business to consumer).
With BRB sales the 'place of supply' (the key element in these desicisions) is where the customer belongs (the EU country you are supplying to). In this situation the supply of the service is outside the scope of UK VAT however is still reported in box 6 of the VAT return. The EU business customer should account for the purchase under the reverse charge rules.
With B2C sales the 'place of supply' is where the supplier belongs (your business in the UK). In this situation the sale is within the scope of UK VAT and thus reported in boxes 1 and 6 of the VAT return.