Is VAT due on commission?
I have heard this question asked countless times: ‘Is VAT due on commission?’. Such a simple question but with a real can of worms for an answer. The reason for that is, not only can commission be paid on just […]
Category Archives: Relief
VAT for Sport clubs & charities
This is all about VAT for Sports Clubs & charities and the problems faced by CASCs with VAT relief on construction. In two quite separate cases two more sports clubs have fallen VAT victim to the distinction between a CASC […]
UK VAT if the Price Changes
HMRC have announced new rules from 1 September 2019 for how to handle UK VAT if the price changes. How do you deal with VAT adjustments if prices are decreased or increased? Price adjustments can occur a long time after […]
UK Import VAT dangers
There are lots of situations where there are UK Import VAT dangers. Specifically goods are coming into the UK but the import is looked after by someone who is not the owner. HMRC have woken up to this mismatch and […]
VAT on Deposits and prepayments
HMRC have announced new rules from 1 March 2019 for handling VAT on deposits and prepayments or other payments received in advance of delivering goods or services. Read more here. Prior to the change if a customer paid but then […]
VAT treatment of Vouchers
The VAT treatment of vouchers has always been nightmarish and while new rules introduced in January 2019 (read more here) will make for an easier road, until previously issued vouchers have washed through the system we will still have scope […]