I stopped using Taxfiler for accounts and moved to VT almost as soon as I got Taxfiler ( about 5 years ago) as I couldn't get it to show limited by guarantee (my mistake) and because the headings were not customisable and were often inappropriate. Still wouldn't be keen to go back to just using taxfiler even with the limited by guarantee thing sorted.
He does his own VAT return so presumably no one was advising him. As his business makes 100% zero rated sales there is no partial exemption calculation. As far as I can see he hasn't yet done anything wrong it just depends what he includes on his next VAT return.
With regard to why the long term lets would be zero rated I suppose we were relying on Group 5 of VAT Act 1994 in that the cottages hadn't been used for in excess of 10 years ......
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I stopped using Taxfiler for accounts and moved to VT almost as soon as I got Taxfiler ( about 5 years ago) as I couldn't get it to show limited by guarantee (my mistake) and because the headings were not customisable and were often inappropriate. Still wouldn't be keen to go back to just using taxfiler even with the limited by guarantee thing sorted.
Probably like me not too sure about how to go about storing the files on the cloud. Do you use particular software?
Thanks I didn't know that. Just prefer VT now because I can customise the headings.
Thanks I didn't know that. Just prefer VT now because I can customise the headings.
Provide accounting services but not much bookkeeping.
He does his own VAT return so presumably no one was advising him. As his business makes 100% zero rated sales there is no partial exemption calculation. As far as I can see he hasn't yet done anything wrong it just depends what he includes on his next VAT return.
With regard to why the long term lets would be zero rated I suppose we were relying on Group 5 of VAT Act 1994 in that the cottages hadn't been used for in excess of 10 years ......