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VAT online guide

13/06/2018 09:30:41
Have a look at this free HMRC online guide product that gives you a basis upon which to build your knowledge of VAT.

VAT- Getting started

Thousands of businesses have already used these and found they’re a great way of learning.

Found it useful? Any queries? Let us know in the comments below.

This message was edited 4 times. Last update was at 06/08/2018 17:02:01

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VAT online guide

16/07/2018 15:13:29
which is the best vat scheme for a secondhand business
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VAT online guide

17/07/2018 10:25:06
Hi

We cannot give advice on the best VAT scheme however please look at VAT Notice 718 which does deal with second hand goods.

Kind regards,
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VAT online guide

30/07/2018 13:28:03
Hi,

If I purchase a via Expedia.co.uk for a hotel accommodation to stay in the USA can my company claim VAT? In expedias order acknowledgement t's not clear.

Please help.
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VAT online guide

30/07/2018 13:28:04
is vat on insurance zero or exempt?
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VAT online guide

30/07/2018 17:49:34
In response to Anonymous who asked:

"Hi, If I purchase a via Expedia.co.uk for a hotel accommodation to stay in the USA can my company claim VAT? In expedias order acknowledgement t's not clear. Please help."

Hi and thanks for your question. We have asked our Technical experts, and they have advised if you are being charged local tax for accommodation in the USA , you can’t recover this on a UK VAT return. You may want to contact the US tax authorities if you are looking for a method to recover the tax being charged .

Hope this helps.

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VAT online guide

30/07/2018 17:54:33
In response to Anonymous who asked:
"is vat on insurance zero or exempt?"

Hi and thanks for your question. We have asked our technical experts, and they have advised generally insurance is exempt or standard, though it depends on what is being provided specifically as well . Please read VAT notice 701/36 for full information.

Hope this helps.
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VAT online guide

07/09/2018 08:18:11
As a VAT registered business if I receive a deposit for the sale of goods I understand I am required to account for output VAT on the deposit when received. However, am I required to raise a VAT invoice for the deposit within a certain period of time or am I only required to raise a VAT invoice when the goods are eventually supplied?
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Re:VAT online guide

10/09/2018 08:39:14
Hi,

Thanks for your question.

We are currently seeking technical advice and will post a reply shortly.

Regards.
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Re:VAT online guide

10/09/2018 13:49:05
Hi

If the deposit is an advance payment then you should charge VAT on it if the main supply has VAT and raise an invoice within 30 days of the tax point arising. There are different types of deposit, however, that do not necessarily create a tax point and do not require VAT to be charged please read VAT notice 700 section 14 and 14.2.3.
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VAT online guide

20/09/2018 09:46:24
When are HMRC going to inform all VAT registered businesses directly, not via some socai media platform, about the implications of MTD. People I speak to still haven't heard of it.
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Re:VAT online guide

21/09/2018 12:12:53
Hi,

Thanks for your question.

We cannot advise in regard to direct contact, but the current up to date information on Making Tax Digital is available on Gov.UK, so please see the following link.

Making Tax Digital for VAT

Hope this helps.
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Re:VAT online guide

14/12/2018 11:57:39
I need to pay £9000 to VAT and i wanna know if i can pay £6000 now and rest of them next tine
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Re:VAT online guide

14/12/2018 16:20:42
Hi,

Thanks for your question.

If you wish to discuss a payment plan for your VAT liability, please call our debt management team on 0300 200 3830.

This message was edited 1 time. Last update was at 14/12/2018 16:20:52

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Re:VAT online guide

24/01/2019 07:56:45
I need to know the correct method when deducting CIS tax on labour and adding the VAT on.

Should the VAT be charged on the total amount eg:

Labour £100
Materials £100
subtotal £200
+ VAT £40
Less CIS @ 20% on labour element £20

Total to pay£220

or

Labour £100
Materials £100

Less CIS @ 20% on labour only £20
subtotal £180
VAT @ 20% £36
Total to pay £216

Would be really grateful to have clarification of which method is correct. Thanks

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