Value Added Tax
Claiming input tax
This document discusses these in detail, together with VAT on pre-registration, post-registration and post-deregistration; procedure for recovering input tax; group registrations; transfer of a business as a going concern (TOGC), late claims; early claims; and estimated claims for input tax.
Correcting VAT errors
This document discusses these in detail together with the procedure to be followed to correct these errors; the time limits; the penalty regime; VAT refunds; submitting an error notification; processing the error; and appeals.
Overview of a transfer of a business as a going concern
This document discusses these in detail, together with the acquisitions by non-established persons; transactions that are not a TOGC; business assets; recovering VAT on costs incurred; VAT issues after a TOGC; and accounting matters.
Overview of the option to tax
This document covers this in detail, together with the conditions; types of properties covered by this; notifying or applying; who needs to opt; what happens if changes are made to the opted property; excluding properties from an option to tax; who is bound; and drafting contracts.
Overview of the place of supply of services rules
This document discusses this in detail, together with the rules on cross border supplies; the place of belonging; the usual place of residence; business and fixed establishments; businesses with more than one establishment; relevant business person; checking for a valid registration number; and trading through an agency.
Overview of VAT and property issues
This document discusses these in detail, together with the meaning of land; whether the transaction is a supply of goods or services; exempt supplies of land; non-exempt supplies of land and their VAT treatment.
Transferring land and property as part of a TOGC
This document covers this in detail, along with the disapplication of the option to tax; transfer of property rental business, mixed properties, beneficial ownership, dwellings, relevant residential and charitable buildings; lease surrender; and retrospective adjustments.
VAT group registration
This document discusses these in detail, together with the advantages and disadvantages of forming a VAT group; the relevant conditions for joining a VAT group; and the group registration procedure.
VAT on staff entertaining
This document discusses this in detail, together with its VAT treatment; entertaining overseas customers; corporate hospitality events; dual use; the exceptions; disposal of goods used for business entertainment; staff entertainment including the detail on who is and who isn’t an employee.
Zero-rating the construction of a new building
This document covers this in detail, together with the demolition and party walls; HMRC’s information sheet; evidence; constructions incorporating existing buildings; treating relevant residential purpose buildings as dwellings; sub-contractors; extending existing buildings; relevant charitable purpose buildings; services that can and cannot be zero rated; and mixed site developments.