Posts Categorized: VAT

VAT Question of the Week 2

Question My client is a landscape gardener and has recently purchased a Nissan Navara double cab vehicle to use for his work. There will be some private use as well as business use. I had thought this might qualify as a commercial vehicle rather than a car, although I am feeling a little uncertain as… Read more »

VAT Question of the Week

Question My client is a general builder and has been asked to build an extension to provide practical living accommodation for his customer’s disabled son. The extension will include a flexible living and sleeping space and a shower room. There will also be a hoist in the sleeping area to assist in getting the child… Read more »

VAT Question of the Week

Question My client is a VAT registered farmer. He owns a barn and is looking to rent it out. He has found a potential tenant who wants to use it to store his stock for his shop. The tenant is not VAT registered and was concerned that VAT would be due on the rent. My… Read more »

VAT Question of the Week

Question I have a new client who is not registered for VAT as his turnover is just below the VAT threshold. In the last five years, he has incurred significant setup costs. Can he backdate a voluntary VAT registration and recover these? Answer Businesses only have limited rights to recover input tax retrospectively, so consideration… Read more »

VAT Question of the Week 2

Question My client has a debt on the ledger, which is overdue by more than six months.  After much chasing over a long period, the debtor has now agreed to pay the debt. However, he is saying that he should only pay the net amount as the debt is more than six months overdue and… Read more »

VAT Question of the Week

Question My client is in the process of converting a barn into a residential property.  It has full planning permission allowing it to be used and disposed of independently, but the likelihood is that they won’t live in it but will use it as a holiday property.  Can they make a claim on the DIY… Read more »

VAT Question Of The Week 2

Question My client is a sole proprietor builder who owns land on which he is intending to a build a new house for his own occupation. My client does not want to wait until the property has been constructed and a completion certificate been received in order to claim the VAT using the DIY Refund… Read more »

VAT Question of the Week

Question As a business, we are committed to developing our staff and consequently have a number of employees on training contracts, whereby as their employer we pay for professional training costs and examinations. The terms of engagement are fairly typical in that should they leave within a certain period they are required to repay the… Read more »

VAT Question of the Week

Question My client is a VAT registered Ltd Co that owns a portfolio of rental properties both commercial and residential. The company purchased some land adjacent to a pub on which they incurred VAT. In order to reclaim the VAT, my client opted to tax. The company is now in the process of selling the land to… Read more »

VAT Question of the Week

Question My client trades below the VAT threshold in the UK but is to supply marketing consultancy services to an unregistered business in France. If these supplies take his turnover over £85,000 should he register for VAT in the UK or does he need to register in France, or neither?   Answer For VAT purposes,… Read more »