Member Since: 21st Oct 2008
23rd Apr 2020
I assume google books is, inter alia, a means of doing spreadsheets, with many users accessing it remotely?
I have a client who uses it and every time I use it I find it unsettling - no other word for it, as you don't get the option of saving it (or not saving it) when you come out of it, as far as I can see. It simply saves it as you go along. It could be that I don't use it frequently enough, though. Some of the controls are different as well - different from Excel.
That's not to say it's good or bad - merely one user's experience.
28th Feb 2020
My one and only bad debt in 12 years:
"You didn't look professional - you weren't wearing a suit! And you didn't have a calculator with you"
Those were the reasons he wouldn't pay my £100 invoice
24th Feb 2020
There's just too many negatives and double negatives in the legislation, for it to make immediate sense. The exception to exemption (e) to Sch 9 makes a supply of holiday accommodation standard rated (20% VAT). Note 12 reads " Paragraph (e) does not include a grant in respect of a building or part which is not a new building of–
(a) the fee simple..."
I think that is confirming that a converted building is not regarded as "new". (Or at least that's what I think it says...)
I've certainly successfully argued that the sale of a barn conversion is exempt, not standard rated, within the 3 years following conversion on a couple of occasions.
24th Feb 2020
I hate to disagree, but a holiday home is still a dwelling, not a commercial building. Schedule 8 Group 5 of the VAT Act stipulates VAT is payable on the sale of such a building, but only when new and only where there is a specific occupancy restriction. The main point is that it is not 'new'.
Apart from anything else, Notice 700/11 cover this point, in telling us what you can exclude, when considering VAT, at de-registration:
7.3 What you can exclude
You do not have to account for VAT on any items on which you did not claim VAT when you bought them. Examples include:
land or buildings which you obtained free of VAT, even if you’re using them to make standard-rated supplies (such as holiday accommodation or because you’ve opted to tax the property)
6th Dec 2019
A paymaster agreement would appear to be the optimum solution. From HMRC:
where each of a number of associated companies employs its own staff, but one company (the paymaster) pays salaries and other expenses on behalf of the others who then pay their share of the costs to the paymaster
Recovery of monies paid out by the paymaster in either of these situations is not subject to VAT as it’s a disbursement.
28th Nov 2019
If it's mostly 2nd hand cds, he should have a look at the "Global Accounting Scheme" - a slightly simpler version of the main second hand goods scheme.
21st Nov 2019
A client said the following to me:
"I use a Mac, rather than a PC. This app comes from the App store,. They don’t seem to have much of a presence on the internet, but this website might help:
There are these deets from the app store.
I believe he uses a spreadsheet, so I pass this on, in case it is of use to anyone.
24th May 2019
from Land and Property Liaison Group meeting of 19 September 2018:
"Members noted, that although not technically correct, sub-contractors working on zero or reduced-rate projects often charged VAT at a standard rate to contractors or developers. However, HMRC compliance officers have taken a pragmatic approach on the basis that the tax effect was revenue neutral. It was felt by members that such an approach should be consistently applied. Asking businesses to correct the VAT treatment on historic supplies in such circumstances is time and cost-intensive and merely leads to a ‘money-go round’ between the parties. This often raises no additional tax, but businesses can suffer real cash flow difficulties if any delays in recovering money from any party involved arises. HMRC noted that individual compliance officers have a certain amount of authority in how to deal with certain situations involving VAT in construction supply chains and this was out of the policy team’s control. It was also suggested by BPF that this issue may cease once the new domestic reverse charge on building services comes into effect."
In other words, it's only a few months till the reverse charge change comes in, so we won't bother doing anything about it.
My memory isn't that good, obviously, but it might be worth quoting this in an argument with the VAT man, who appears blind to the 'neutral' argument. It is so blindingly obvious to everyone that it is a waste of time, I just can't contemplate what goes on in their little minds that they want to pursue something like this. I've had two clients thus far, both of whom have had a devil of a job, going back to sub-contractors to rectify it.
24th May 2019
I read something a month or two back, I think, on JVCC minutes, or maybe LPLG minutes, to the effect that HMRC would not be enforcing this pointless exercise. It seems that the news hasn't reached as far as the VAT man who believes it is his own money. (a common complaint) I'll try and find it and post back later.
6th Aug 2018
Of course you could do a covering letter with the VAT application and refer HMRC to paragraph 2.9 of Notice 700/1 as follows:
2.9 If you only supply goods or services abroad
If you’ve got a business establishment in the UK (including a branch or agency) or you usually live in the UK and you only make supplies to customers outside the UK, but those supplies would be taxable if you made them in the UK, you can register for VAT on a voluntary basis. This is as long as you receive taxable supplies from UK VAT registered businesses, or import goods into the UK and you’d be entitled to claim back the VAT on those supplies.