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Do I Have to Pay VAT on Imported Goods from the EU?

Whether you are importing goods from the EU to the UK for your business, or purchasing an item for personal use, you will be required to pay 20% VAT on the products purchased.

Acting as An Agent for VAT Purposes

In the matter of All Answers Limited vs HMRC, the Appellant ran a largely online business whereby customers were able to order various essays, pieces of coursework, etc, written by third-party writers who had no direct interaction with the customers. All Answers Limited would retain two thirds of the fee paid by the customer, with the remaining third being paid to the writer.

VAT Liability of Card Handling Fees

As a result of HMRC's appeal against the decision made in the case of HMRC v National Exhibition Centre Limited, the Upper Tribunal have now confirmed the VAT treatment of debit and credit card handling fees. This issue..

Compensation Payments & VAT

As a rule, VAT is charged only on transactions that involve a supply of goods or services. When paying a compensation fee to another party, it is generally accepted that this does not constitute consideration for a “supply”, which means that VAT will not be due.

VAT Treatment of Insurance Repair Services

HMRC have this week published a Revenue and Custom Brief regarding the VAT treatment of insurance repair services. Under normal circumstances, if an insured party makes a claim for damage to goods covered by their policy, any repair services are deemed to have been supplied to the insured party whilst the insurer will cover any costs.

Getting It Right When Claiming an Exception from Registration

Claiming an exception from VAT registration can be an important way of saving money for businesses who expect their turnover to dip below a certain level during a specific period.

Proving the Difference Between Business and Non-Business Activity for VAT Purposes

One of the most fundamental principles behind VAT is that in order to allow a taxable person to recover input VAT, the tax incurred must have been in relation to goods or services that were supplied for the purpose of VATable business activities.

What Happens If You Falsely Claim a VAT Refund?

As a business, you may be entitled to make a claim for a VAT credit or refund in numerous circumstances, including on necessary business expenses. However, it is essential that you only do so when you have a valid legal claim.

News

News

Do I Have to Pay VAT on Imported Goods from the EU?

Acting as An Agent for VAT Purposes

VAT Liability of Card Handling Fees

Compensation Payments & VAT

VAT Treatment of Insurance Repair Services

Getting It Right When Claiming an Exception from Registration

Proving the Difference Between Business and Non-Business Activity for VAT Purposes

What Happens If You Falsely Claim a VAT Refund?

Rob McCann

Steve Howard

Tamara Habberley

Jack Ray-Atkins

David Miller