Value Added Tax
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.
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.
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.
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.
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 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 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.
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.
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.
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.