Where is the place of supply of goods?

Where is the place of supply of goods? I was asked about the VAT treatment of a supply of goods made by a supplier in another EU member state to a UK business customer. The odd thing was that the invoices had VAT at 20% on them. The place of supply of goods is usually where the goods are when they are made available to the customer. This is … [Read more...]

A VAT registration loophole?

A VAT registration loophole? A couple of years ago I wrote about whether transfering a business to a different legal entity, e.g. from a sole trader to a company, would reset to zero the turnover count towards the VAT registration limit. At that time my view was that the transfer of a business as a going concern rules prevented this. There were … [Read more...]

Charities – planning for VAT, hoping for none

Charities - planning for VAT, hoping for none It seems amazing that, forty-four years after VAT was introduced in the UK, so many charities - or rather people involved in running them - still appear to think that charties are exempt from VAT. That by some magic the rules on VAT will be lifted so they pay no VAT. Oh! would that that was the case. … [Read more...]

They come in threes – VAT queries

That's what is said. I've noticed over the years that when IĀ get a query on one area of VAT, I can expect a similar query to be asked soon after. This past month I've seen two instances where similar queries have been asked. At the moment I'm waiting for the third query on each topic to be raised. Business splitting I've been asked about … [Read more...]

Flat rate scheme: are you a limited cost business?

Flat rate scheme: are you a limited cost business? From 1 April 2017 new rules coming to effect that are likely to have a negative impact on many service businesses particularly those providing professional services. These are the ones that sell the knowledge of the business owners and their staff. HMRC says you are a limited cost business if … [Read more...]

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