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Related UK Tax Questions
I would like to start charging VAT on my services in order
I would like to start charging VAT on my services in order to benefit from the flat rate. I work as a "self-employed" courier for Hermes and, i suppose, i could charge VAT at 20% and then pay HMRC 10%… read more
bigduckontax
bigduckontax
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I'm thinking of registering for UK VAT under the Flat Rate
I'm thinking of registering for UK VAT under the Flat Rate Scheme. It says I'll be charged 7.5% of sales, but that my VAT expenses can't be deducted. I'm an overseas seller and import products into th… read more
bigduckontax
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UK VAT exempt business (financial intermediary) - EU sales with customers demanding a UK VAT numberI have a client who is a UK limited company and is financial intermediary, therefore the company is n… read more
bigduckontax
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I am enquiring of behalf of a family member who is a
I am enquiring of behalf of a family member who is a freelance graphic designer, working from home, for corporate clients. She currently operates as a sole trader. She has practically no expenses. Wou… read more
bigduckontax
bigduckontax
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I have just started a ltd company in the uk and my first
Hi, I have just started a ltd company in the uk and my first customer is based on Germany. I provide IT consultancy remotely. I am about to signup for flat rate VAT and so for my first invoice to the … read more
bigduckontax
bigduckontax
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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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Im going to set up a limited by share company which will act
I'm going to set up a limited by share company which will act a little bit like this website: It is going to be a marketplace where companies (Buyers) will look for specific expertise to hire on a pro… read more
bigduckontax
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I run a Theatre School that trains young people aged 5 to 18
I run a Theatre School that trains young people aged 5 to 18 in Drama and Musical Theatre. I will soon be at VAT threshold so will have to register for VAT. I want to use the Flat Rate scheme and one … read more
Tony Tax
Tony Tax
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My son is starting a business importing childrens slippers
My son is starting a business importing childrens slippers from South America. They contain 20% fur. He has to pay 20% VAT on the imports. AS a new business at the moment he has no turnover. Questions… 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
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I have been self-employed for almost a year, and am researching
I have been self-employed for almost a year, and am researching the flat-rate VAT scheme. It is possible that I will exceed the £73k turnover threshold in the next 3 months. I would have been better o… read more
Sam
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A limited company in the educational sector received a grant
A limited company in the educational sector received a grant from the TDA for vocational training for UK teachers. The total grant was paid upfront to the company by the TDA. any unused grant the TDA … read more
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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
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Hi I have a client who has just registered for VAT and gone
Hi I have a client who has just registered for VAT and gone straight onto flat rate VAT. Can he claim the VAT back on a couple of computer and software purchases he made a couple of months before his … read more
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I am a small business that has just started up. I am importing
I am a small business that has just started up. I am importing products from Germany and distributing them here in England. I am not sure whether to register for VAT or not. The main product costs £31… read more
taxadvisor.uk
taxadvisor.uk
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If I have just registered for VAT and gone straight on to the
If I have just registered for VAT and gone straight on to the flat rate scheme. Can I claim back the VAT on the laptop I brought not long before I went on the scheme? Thanks… read more
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VAT question. A business registered for Flat Rate scheme effective from date of registration without taking into account start up costs. Is there any way they can reclaim the £600 input VAT incurred?… read more
mark25551
mark25551
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I am going to start a business renting out 3 houses that I
I am going to start a business renting out 3 houses that I own as holiday lets. I am hoping to get about 75 weeks rental throughout the year at +/- 500 pounds per week. On top of that, I am going to o… read more
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