Hugo/Arthur
I love these discussions. In a months time, (assuming Boris doesnt change the rules) maybe he can put the 9 tables which are presently unused into the shop. I'm not sure there's enough space for social distancing so maybe will have to wait til end of lockdown in June.
Meantime, being practicable client will simply zero rate everything except the coca colas, coffee and chocolates as he has for last year. Who would know, who would care ? Dont know where you're based but if you are ever in Hertfordshire let me know and we will treat you to the best smoked salmon bagels you've ever tasted.
I get what Hugo said, thanks But maybe the use of the words "serve meals " was an exaguration. The likely scenario is that two friends would go into the shop and order a coffee and a sandwich. They then leave the premises and may find that they can sit at one of the tables in the street or on a bench 15 yards away provided by the local authority or picnic in the park over the road or simply take them home to their gardens.
How does the client know what rate of VAT to charge o not when they pay at the till before they leave
I'm looking at VAT consequences. My client has a deli diner and obviously for the last year has only supplied takeaway with a modest amount of Vatable sales, ie coffees, soft drinks etc. But he has permission from local council to put a few tables on the very wide pavement and , for the next few weeks, will be able to serve meals for those folk foolhardy enough to freeze while eating outside ! but is it still takeaway and zero rated or catering and therfore standard rated ?
I'm looking at VAT consequences. My client has a deli diner and obviously for the last year has only supplied takeaway with a modest amount of Vatable sales, ie coffees, soft drinks etc. But he has permission from local council to put a few tables on the very wide pavement and , for the next few weeks, will be able to serve meals for those folk foolhardy enough to freeze while eating outside ! but is it still takeaway and zero rated or catering and therfore standard rated ?
I feel your pain. My client is about to open a new shop ( takeway food , so always going to be a refund). The generic response saying ,inter alia, HMRC will contact if further information is needed was received on 24th November but nothing since. I tried speaking to the helpline and a very helpful man said its in the pipeline but they are ever so busy !
Paul. Thanks for response. It s going to take the full six years to repay which is fairly normal. I'm just a bit concerned that some civil servant will be looking at bounceback loans and say " you shouldn't have done that " and there may be a punishment.
Thanks for reply. I've been away for a couple of weeks.
Yes, old trust is becoming a CIO quite seemlessly. Only change is the Charity Commissioners number and I doubt anyone will notice !
We dont have a problem with the share portfolio which is managed under discretionary power. The main change is simply that if, and I stress if, we change an investment property, it saves having to get 5 signatures from trustees who are forever on holiday.
I'll have a look at form 68 but I doubt that's even necessary
If you're old enough to remember Monica Rose who was on Double your money, she had cosmetic dentistry. Inspector said private use of teeth would be 99%. I argued that if she had remained a bus conductress she wouldn't have had it done. I won !
Similarly I had an actor who had dentistry and again on the basis that on cinema screen his head was about 14 feet tall, I won that too.
However, I agree with earlier comment. This lady is an employee, not self employed
I've had a coupe of these recently. As ADKL says the lenders are unlikely to advance to a company and the property was probably bought by an individual. So, we've arranged to have a formal deed of trust indicating that the property belongs to the company and the director then lends the money to the company. The director claims relief for interest on loan to company assuming there is other personal income, of course. As far as I can see this works and could be the way to get over the loss of relief on buy to lets.
My answers
Hugo/Arthur
I love these discussions. In a months time, (assuming Boris doesnt change the rules) maybe he can put the 9 tables which are presently unused into the shop. I'm not sure there's enough space for social distancing so maybe will have to wait til end of lockdown in June.
Meantime, being practicable client will simply zero rate everything except the coca colas, coffee and chocolates as he has for last year. Who would know, who would care ? Dont know where you're based but if you are ever in Hertfordshire let me know and we will treat you to the best smoked salmon bagels you've ever tasted.
I get what Hugo said, thanks But maybe the use of the words "serve meals " was an exaguration. The likely scenario is that two friends would go into the shop and order a coffee and a sandwich. They then leave the premises and may find that they can sit at one of the tables in the street or on a bench 15 yards away provided by the local authority or picnic in the park over the road or simply take them home to their gardens.
How does the client know what rate of VAT to charge o not when they pay at the till before they leave
I'm looking at VAT consequences. My client has a deli diner and obviously for the last year has only supplied takeaway with a modest amount of Vatable sales, ie coffees, soft drinks etc. But he has permission from local council to put a few tables on the very wide pavement and , for the next few weeks, will be able to serve meals for those folk foolhardy enough to freeze while eating outside ! but is it still takeaway and zero rated or catering and therfore standard rated ?
I'm looking at VAT consequences. My client has a deli diner and obviously for the last year has only supplied takeaway with a modest amount of Vatable sales, ie coffees, soft drinks etc. But he has permission from local council to put a few tables on the very wide pavement and , for the next few weeks, will be able to serve meals for those folk foolhardy enough to freeze while eating outside ! but is it still takeaway and zero rated or catering and therfore standard rated ?
I feel your pain. My client is about to open a new shop ( takeway food , so always going to be a refund). The generic response saying ,inter alia, HMRC will contact if further information is needed was received on 24th November but nothing since. I tried speaking to the helpline and a very helpful man said its in the pipeline but they are ever so busy !
Paul. Thanks for response. It s going to take the full six years to repay which is fairly normal. I'm just a bit concerned that some civil servant will be looking at bounceback loans and say " you shouldn't have done that " and there may be a punishment.
Yes. Three companies funded by three different banks.
Thanks for reply. I've been away for a couple of weeks.
Yes, old trust is becoming a CIO quite seemlessly. Only change is the Charity Commissioners number and I doubt anyone will notice !
We dont have a problem with the share portfolio which is managed under discretionary power. The main change is simply that if, and I stress if, we change an investment property, it saves having to get 5 signatures from trustees who are forever on holiday.
I'll have a look at form 68 but I doubt that's even necessary
If you're old enough to remember Monica Rose who was on Double your money, she had cosmetic dentistry. Inspector said private use of teeth would be 99%. I argued that if she had remained a bus conductress she wouldn't have had it done. I won !
Similarly I had an actor who had dentistry and again on the basis that on cinema screen his head was about 14 feet tall, I won that too.
However, I agree with earlier comment. This lady is an employee, not self employed
Property development
I've had a coupe of these recently. As ADKL says the lenders are unlikely to advance to a company and the property was probably bought by an individual. So, we've arranged to have a formal deed of trust indicating that the property belongs to the company and the director then lends the money to the company. The director claims relief for interest on loan to company assuming there is other personal income, of course. As far as I can see this works and could be the way to get over the loss of relief on buy to lets.