Our subscriber is in the process of leasing a property to a tenant who will use the ground floor for her retail business and the upper floor as living accommodation. Could opting to tax the property
save her VAT?
Published 07.09.2021
The tenant that rents one of your properties wants to move to smaller premises and sublet your property to someone else. You have no objection, but as you opted to tax the property how might this
affect your VAT position?
Published 01.06.2021
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
As a partially exempt business the amount of VAT you can recover on purchases is restricted unless overridden by the de minimis rules. These can be applied in different ways, but which produces the
best outcome?
Published 13.05.2020
If your business is partially exempt it isn’t entitled to reclaim 100% of the VAT it pays on certain costs. There are different ways of working out the unreclaimable amount. How can you use them to
reduce your VAT bill?
Published 22.02.2023
You’re selling your business premises and moving to another. The sale is VAT-exempt so you’re concerned that the partial exemption rule will apply and reduce the VAT you can reclaim on your general
costs. Is there a way you can prevent this?
Published 19.11.2021
A business associate has suggested you use a “special method” for your VAT partial exemption calculation as it saves their business money. When can you use a special method and can it actually lower
your VAT bill?
Published 03.06.2019
As your business is partially exempt for VAT purposes it’s required to make fiddly adjustments to its bookkeeping records when preparing VAT returns. How can you simplify these to save time and
effort?
Published 03.04.2024
Our subscriber is buying the freehold in a property, part of which he wants to convert to residential use. The other part is let to a charity with some years left to run on the lease. The seller
wants to add VAT to the wholesale price. Is he right to do so?
Published 27.09.2021
As a partially exempt business you’re required to review the VAT you’ve reclaimed over the previous twelve months and make an annual adjustment. What should you be looking out for to ensure you’ve
maximised your claim?
Published 19.01.2017