Do people like you trawl these pages so you can try and make smart comments? I am not 'advising' them on VAT, but asking a question that has been raised. And in this case I'm not sure whether it would matter whether they are zero rated or exempt as either way 50% of the products don't attract VAT and 50% do. If it materially affects the answer to the question then that raises yet another question I suppose.
Thanks. I agree. Definitely a mixed supply in this case. But how do I account for that in the VAT return? EG the 'selection box' sells for £10. (net) so when accounting for it as a sale it will go through my books at £10+VAT = £12 We will therefore hand over £2 to HMRC. Do we make a VAT adjustment for the non vatable items?
I rarely use this site as I don't have the time. I work for a construction company (recently started).
I am still struggling a little to understand why I have come in for so much stick. Especially when the article you have pointed me to states that this is a complex area and that builders have long struggled with the complexities.
I agree that a VAT specialist may be appropriate, however, I would have thought a good starting point would be a forum such as this. I just don't understand why one person in particular didn't just answer the question and set me straight rather than just insulting me. Seems a little petty.
Sorry. Apparently it's not complex. Not bothered that he didn't answer the question, just the condescending manner in which he answered that frustrated me.
By that logic, every answer to every question would be to seek the advice of an accountant.
Personally I think that is a very clear question and requires a really simple answer.
The first responder seemed to manage this perfectly well.
I have read 708 through and have spoken with an accountant and neither of us are clear on the answer.
I'm not sure that VAT is the easiest aspect of accounting to comprehend. You've only got to look at the confusion between cakes and biscuits to realise that. However, in this case you clearly have an understanding of the area in which I don't.
In fact, I assume that from the tone of your reply there is no question in accounting that you could not answer.
Perhaps, in future, just consider what you are about to say for a second. Once you've considered it then why not construct a response that answers the question clearly and with reasoning. That way you would have helped the questioner and I would have thought that would make you feel good about yourself. I think your actual response says all people need to know about what actually makes you feel good.
My answers
Do people like you trawl these pages so you can try and make smart comments? I am not 'advising' them on VAT, but asking a question that has been raised. And in this case I'm not sure whether it would matter whether they are zero rated or exempt as either way 50% of the products don't attract VAT and 50% do. If it materially affects the answer to the question then that raises yet another question I suppose.
Thanks. I agree. Definitely a mixed supply in this case. But how do I account for that in the VAT return? EG the 'selection box' sells for £10. (net) so when accounting for it as a sale it will go through my books at £10+VAT = £12 We will therefore hand over £2 to HMRC. Do we make a VAT adjustment for the non vatable items?
Then why did you bother adding to it?
.......rather than try to understand it?
Thanks for your help Basil.
I rarely use this site as I don't have the time. I work for a construction company (recently started).
I am still struggling a little to understand why I have come in for so much stick. Especially when the article you have pointed me to states that this is a complex area and that builders have long struggled with the complexities.
I agree that a VAT specialist may be appropriate, however, I would have thought a good starting point would be a forum such as this. I just don't understand why one person in particular didn't just answer the question and set me straight rather than just insulting me. Seems a little petty.
Well, just answer the question then and set me straight!
Sorry. Apparently it's not complex. Not bothered that he didn't answer the question, just the condescending manner in which he answered that frustrated me.
By that logic, every answer to every question would be to seek the advice of an accountant.
Personally I think that is a very clear question and requires a really simple answer.
The first responder seemed to manage this perfectly well.
I have read 708 through and have spoken with an accountant and neither of us are clear on the answer.
Seriously - Offering advice is not for you.
Actually, your answer has really annoyed me.
I'm not sure that VAT is the easiest aspect of accounting to comprehend. You've only got to look at the confusion between cakes and biscuits to realise that. However, in this case you clearly have an understanding of the area in which I don't.
In fact, I assume that from the tone of your reply there is no question in accounting that you could not answer.
Perhaps, in future, just consider what you are about to say for a second. Once you've considered it then why not construct a response that answers the question clearly and with reasoning. That way you would have helped the questioner and I would have thought that would make you feel good about yourself. I think your actual response says all people need to know about what actually makes you feel good.