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My friend has sailing business, he rents out his boat to his
quot;Hello, my friend has sailing business, he rents out his boat to his clients and other companies. He is now currently on 12% Flat VAT rate. He thinks that HMRC came up with new flat vat flat rates… read more
bigduckontax
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I am a bit confused with the new VAT flat rates that will be
Hello, I am a bit confused with the new VAT flat rates that will be starting from 1st of April. It says that for businesses with limited cost those new rates will apply, but not for businesses who don… read more
bigduckontax
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We have just become UK Vat registered on the Flat Rate
Hi Sam We have just become UK Vat registered on the Flat Rate Scheme. We sell funeral stationary cards to Replublic Of Ireland to private customers (not vat registered), do we still charge the 20% UK … read more
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bigduckontax
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Hi, I am a self employed courier driver. started in 2011. I have just successfully appli
Hi, I am a self employed courier driver. started in 2011. I have just successfully applied for a VAT number (backdated to September 2011). I have contacted my client and they have agreed to pay me all… read more
taxadvisor.uk
taxadvisor.uk
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Hi, I run a therapy clinic. Some of our income comes from
Hi, I run a therapy clinic. Some of our income comes from renting rooms to other practitioners which I understand does not count for vat purposes. We are about to become VAT registered and I was think… read more
bigduckontax
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I assume the Revenue are keen on recalculating because it will
I assume the Revenue are keen on recalculating because it will give them more VAT Following the change to "normal" VAT my client's book keeper submitted a Return again using the Flat Rate Scheme in er… read more
TaxVince
TaxVince
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Hello, I am currently running a security staffing company
Hello, I am currently running a security staffing company with a turnover of £225,000 which entitles me to be on the flat rate scheme of VAT paying back 9% of the collected 20%. I am growing though an… read more
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The person is self-employed carpenter, registered VAT flat
The person is self-employed carpenter, registered VAT flat rate scheme. During the year he received VAT refund for amount ~3000. Is this amount taxable and does it need to be shown in his Tax Return? … read more
Tony Tax
Tony Tax
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High School or GED
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I am trying to fill my self assesment partnership form in....I
I am trying to fill my self assesment partnership form in....I am on the flat rate scheme for vat - where do i enter the amount I have paid in vat in this tax year… read more
Tony Tax
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High School or GED
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i have just registered for vat ihave gone back to 2008 invoices
i have just registered for vat ihave gone back to 2008 invoices and got £17500 in back vat on my earnings as a courier how do i work out what i owe the vatman i am on flat rate… read more
taxadvisor.uk
taxadvisor.uk
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Hi. I run an Aesthetics product company where doctors etc
Hi. I run an Aesthetics product company where doctors etc may purchase products for a patients treatment and subsequently provide me with a copy of the prescription. For such cases, I do not charge VA… read more
taxadvisor.uk
taxadvisor.uk
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im on flat rate vat as a sole trader and doing my first tax
i'm on flat rate vat as a sole trader and doing my first tax return as VAT registered (i've done sole trader returns for many years). Do i calculate my income based on NET turnover, or gross? I know i… read more
taxadvisor.uk
taxadvisor.uk
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What is Flat rate VAT and who can register for it (i-e does
What is Flat rate VAT and who can register for it (i-e does it cover only a few limited sectors or is it available to all sectors) plus can one person own two flat rate registered companies?… read more
taxadvisor.uk
taxadvisor.uk
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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
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I have been registered for VAt since August 2008 at 17.5% I
I have been registered for VAt since August 2008 at 17.5% I have recently become aware that I could perhaps register for a Flat Rate of VAt - maybe 10.5 or 11% My business is holiday lettings/holiday … read more
CCTax
CCTax
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Hi Sam, thanks for the help. If I change onto a flat rate
Hi Sam, thanks for the help. If I change onto a flat rate VAT scheme, how would it work with the reverse charge VAT on services bought from the supplier outside of the EC? i.e. would I still need to a… read more
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As a self-employed trader I operate Flat Rate VAT scheme, recently
As a self-employed trader I operate Flat Rate VAT scheme, recently I formed a limited company and transferred the business to it as a going concern. All the assets have been transferred at book value … read more
Sarah G
Sarah G
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Master's Degree
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ive just done my books for 2008-2009 my turnover is 71,000
ive just done my books for 2008-2009 my turnover is 71,000 but im not vat registered what do i do know… read more
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