VQOTW: PRICE REDUCTIONS AND CREDIT NOTES

VQOTW: PRICE REDUCTIONS AND CREDIT NOTES

My client invoiced for a supply of project management services but the project proved less complex and time-consuming than expected. As a result, as this is likely to be a regular client, he is going to agree that the price should be reduced, and a partial refund...
Studio Roso Testimonial

Studio Roso Testimonial

Studio Roso is a creative studio specialising in permanent large scale artworks, light installations and chandeliers for client across the world.All work is commission based and we work together with clients and client teams to enhance and create feature artworks. For...
VQOTW: EXCEPTION FROM REGISTRATION

VQOTW: EXCEPTION FROM REGISTRATION

My client has been trading as a contract cleaning company since July 2018. The company breached the VAT registration limit early this month, September 2019, under the “backward” rolling 12 month rule. However, the director has been experiencing ill health and is...
VQOTW: FINANCIAL INTERMEDIARIES

VQOTW: FINANCIAL INTERMEDIARIES

My client is an independent mortgage advisor, who is not VAT registered. Her turnover is above £85,000 and all of her income is either commission, which is paid by UK lenders, and flat fees received from customers seeking a mortgage. In the last 12 months, £75,000 of...
TQOTW: HP CONTRACT & CAPITAL ALLOWANCES

TQOTW: HP CONTRACT & CAPITAL ALLOWANCES

My client bought a commercial vehicle under an HP agreement but has not made the final payment and so did not acquire ownership of the vehicle. AIA has already been claimed from the outset. How is this dealt with for capital allowances purposes? The normal assumption...

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