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Related UK Tax Questions
On a different matter.... How should I account for a VAT
On a different matter.... How should I account for a VAT when it comes to a STORE CREDIT. I sell some of my stock to other VAT registered company in UK in exchange for their store credit. The credit c… read more
bigduckontax
bigduckontax
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The company I represent is registered in the Cayman Islands.
The company I represent is registered in the Cayman Islands. It supplies North American horse racing to UK betting shops. Each month the company invoices the UK Bookmakers with a commission based invo… read more
bigduckontax
bigduckontax
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Dear XXXXX I have two clients who operate as a partnership,
Dear XXXXX I have two clients who operate as a partnership, husband and wife selling on ebay. They have recently dissolved the partnership and are now trading as separate sole traders. They both have … read more
Sam
Sam
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Higher Officer HMRC
6,702 satisfied customers
Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader for many years. In October 2012 he converted to a Ltd company. In December 15th 2012 he registered the company for VAT. I have an invoice fro… read more
Sam
Sam
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Higher Officer HMRC
6,702 satisfied customers
Our limited company is going to be closed. There are some assets: 1.
Our limited company is going to be closed. There are some assets: 1. Inventory (Vat 20%) ~ £700 2. Computer purchased BEFORE VAT registration, depreciated twice, £350 3.Equipment purchased AFTER VAT r… read more
taxonomy12
taxonomy12
64 satisfied customers
Can you help on advice on structing T&C for a business that
Can you help on advice on structing T&C for a business that act as agent for Trades people and these trades people are not registered for VAT so the agency do not want to add VAT on smaller jobs, but … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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Hello I am due a fee of £75k from a deal I have put together.
Hello I am due a fee of £75k from a deal I have put together. I can either take it personally or through a company I own. Obviously I have not done my tax return for this year, but there will be huge … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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Dear XXXXX I have a client who runs a limited company which
Dear XXXXX I have a client who runs a limited company which collects rent on behalf of landlords and acts as an agent for landlords when dealing with tenants. The company needs to register for VAT. I … read more
Sam
Sam
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Higher Officer HMRC
6,702 satisfied customers
About to start my own limited company needfew clarifications
About to start my own limited company below are few clarifications: How often should I pay VAT? What is the procedure to file VAT return? What if I miss any VAT returns? What if I miss VAT payment aft… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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Are VAT refunds taxable? Both for reclaiming prior expenses
Are VAT refunds taxable? Both for reclaiming prior expenses before registering and in the normal course of trading… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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4 years ago I tried to set-up a website that allowed subscribers
4 years ago I tried to set-up a website that allowed subscribers the ability to run online surveys. I did this in my spare time whilst in full time employment paying tax on PAYE. I voluntarily pre-reg… read more
Anne T
Anne T
Bachelor's Degree
146 satisfied customers
hi, I am about to embark on a small business in the uk, it
hi, I am about to embark on a small business in the uk, it will start as a hobby and hopefully grow. At the same time I am a full time employee in a business. Do I have to register as a sole trader as… read more
Sam
Sam
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Higher Officer HMRC
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I am about to start a small business as an agent for actors.
I am about to start a small business as an agent for actors. I know that agent fees attract VAT at 20%, how do I register my business with the tax authorities and how do I handle the VAT that I must c… read more
Sam
Sam
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Higher Officer HMRC
6,702 satisfied customers
I am an IT contractor with my own Limited Company and am in
I am an IT contractor with my own Limited Company and am in the Flat Rate Scheme for VAT. This year I am predicting I will breach the £230k turnover and would like to understand the financial hit if I… read more
mark25551
mark25551
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I have a limited company and am thinking about registering
I have a limited company and am thinking about registering for VAT. What are the advantages and disadvantages? I have to buy a website which I have been quoted a large figure which incorportates a sub… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hi I am thinking of going into business and will have to
Hi I am thinking of going into business and will have to register as VAT reg as turnover will be above £70k. I know I will need an Accountant but need to know basically how Vat works before I go any f… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi there I am stuck on how to fill in a tax return form for
Hi there I am stuck on how to fill in a tax return form for a company. I need to work out how much tax the company needs to pay for the whole of last year . . . . please help!… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
hi. i own a fish and chip shop. i was advised at start up by
hi. i own a fish and chip shop. i was advised at start up by my accountant that it made no difference to me when i registered for vat. we then registered for vat at formation of the company. since the… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
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