The current crisis has forced our subscriber to find another way to sell her goods. She now sells her wine and food online, adding the cost of delivery to the price plus a little for her time and
materials for packaging. Should she charge VAT on these?
Published 08.06.2020
You’ve got some old stock and office furniture clogging up your storeroom. It may not be in mint condition but it’s too good to throw away. If you take it home to use, or your company gives it to
you, what will the Taxman say?
Published 04.03.2011
Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
Published 15.11.2011
You’re selling a van which has been used for your business and for private journeys by one of your employees. How much VAT, if any, should you charge the buyer?
Published 31.10.2018
If you make a refund to a customer, you can usually reclaim the corresponding VAT you accounted for on the original sale, but not in every case. When are you not allowed to do this and how are the
rules changing?
Published 15.10.2013
To drum up more business you want to create a points based loyalty scheme for your customers. You’ve decided on the terms and conditions for the scheme but the VAT consequences worry you. How should
you tackle them?
Published 09.07.2018
A job for a customer requires work from another business which is not VAT registered. The customer wants you to manage the project and wrap up the bill from the other business with yours. How should
you deal with the VAT?
Published 15.05.2018
If you’ve applied to register a new or existing business for VAT, but you’re waiting for your registration number, when should you charge VAT to your customers and what’s the procedure for collecting
it?
Published 05.09.2013
When you registered for VAT you reclaimed all the VAT you could for goods and services you bought prior to registration. However, you’re about to sell an asset for which you weren’t entitled to
reclaim VAT. Should you add it to the sale price?
Published 22.05.2019
As a general rule, registered businesses can reclaim the VAT paid on purchases and must charge it on the price of items they sell. However, different rules can apply if the items were second hand.
What’s the position?
Published 16.11.2015