VQOTW: ENERGY SAVING MATERIALS

VQOTW: ENERGY SAVING MATERIALS

My client is an electrician and has a contract to supply and install an electric car charging point and solar panels with a battery to a residential property. What is the liability of each of these supplies?Where scaffolding has been hired for the purpose of...
CORONAVIRUS (COVID-19) & FURLOUGHED EMPLOYEES

CORONAVIRUS (COVID-19) & FURLOUGHED EMPLOYEES

Coronavirus Job Retention Scheme  – (Updated 06/04/2020 @ 14.12pm) HMRC will set up a new online portal so that ALL UK employers this month, regardless of size, will be eligible for assistance where an employee has been designated as a ‘furloughed worker.’ HMRC will...
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: INPUT TAX ON TOGC

VQOTW: INPUT TAX ON TOGC

My client is in the process of selling part of his business which comprises exempt residential lets and taxable garden maintenance, design and landscaping services. It has become too much for him so he is selling part of the taxable side of the business – the garden...
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...
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...

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