CORONAVIRUS SSP & COVID-19

CORONAVIRUS SSP & COVID-19

I have staff off due to coronavirus (COVID-19), what should I pay and what can I reclaim? We are receiving an extremely high number of calls in regards to paying employees statutory sick pay if they are off work due to coronavirus. We have put together a summary of...
TQOTW: CHARITABLE TRUST

TQOTW: CHARITABLE TRUST

The trustees of a charitable trust have advised me that they want to encash an investment bond they hold with an insurance company and have asked me to confirm that no tax is payable. Are they correct? If the investment bond is a UK policy then yes, no additional tax...
VQOTW: CALL-OFF STOCKS

VQOTW: CALL-OFF STOCKS

My client sells gym-wear and has been approached by a German VAT registered Amazon trader to supply them with 1000 t-shirts which are to be shipped to a warehouse in Germany – this will be the equivalent of six months’ worth of stock. The customer will take the stock...
VQOTW: INCORRECTLY CHARGED VAT ON TOGC

VQOTW: INCORRECTLY CHARGED VAT ON TOGC

My client is buying a business and the vendor wants to charge VAT. Is this correct and if so can my client recover this as input tax? If your client is actually buying the assets of the business alone, then yes, it may be correct. It is far more likely, however, that...

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