VAT - Output VAT (VAT on sales)

Recently added Tips & Advice

TAKEAWAY FOOD - 07.07.2020

What counts as “premises” for VAT?

Q. We run a café and sandwich bar in a shopping centre. Outside our café we have about ten chairs and four tables where customers can enjoy their food and drink. About 20 yards away there is another seating area, described as a “food court”, where customers from six different catering outlets can sit. This area is cleaned by the shopping centre and not any of the outlets. Is cold food consumed at both outlets zero-rated as takeaway sales? ...
Read more

VAT - 08.06.2020

When is postage and packaging VATable?

The current crisis has forced our subscriber to find another way to sell her goods. She now sells her wine and food online, adding the cost of delivery to the price plus a little for her time and materials for packaging. Should she charge VAT on these?
Read more

CORONAVIRUS - GRANT INCOME - 01.06.2020

Are your coronavirus grants subject to VAT?

Many businesses have qualified for a special grant, often from their local authority, due to the implications of coronavirus on their trading income. But is there a possible VAT trap with these and other grants that you must consider?
Read more

INTER-COMPANY CHARGES - 01.06.2020

VAT on recharges to overseas parent company?

Q. We trade as the UK subsidiary of a German parent company in the sportswear market. The parent company has appointed a UK-based person to research a new product and has suggested that the employee comes on our books for PAYE purposes and we recharge the salary and employers’ NI to them at the end of each month. How do we deal with the VAT in this situation? ...
Read more

CORONAVIRUS - VAT - 13.05.2020

Electronic publications - zero-rating fast tracked

In response to the coronavirus pandemic the government has accelerated extension of VAT zero-rating for printed matter, e.g. books, magazines etc., to their electronic equivalents. However, some types of electronic publication and audio book are excluded (see The next step ). The new zero-rating rule that was to apply from 1 December 2020 now applies to sales made on or after 1 May 2020. ...
Read more

CORONAVIRUS - VAT - 13.05.2020

Temporary zero-rating for PPE

Qualifying PPE. Sales of personal protective equipment between 1 May and 31 July 2020 will be zero-rated for VAT if it has been recommended for use in the Public Health England guidance issued on 24 April 2020 (see The next step ).The temporary zero rate applies to products, including those sold from existing stock, such as disposable gloves, plastic aprons and fluid-resistant coveralls or gowns, surgical masks, filtering face piece respirators and eye and face protection, such as single or reusable full face visors or goggles. ...
Read more
VAT - Output VAT (VAT on sales)

Most read Tips & Advice

VAT - 08.06.2020

When is postage and packaging VATable?

The current crisis has forced our subscriber to find another way to sell her goods. She now sells her wine and food online, adding the cost of delivery to the price plus a little for her time and materials for packaging. Should she charge VAT on these?
Read more

TAKEAWAY FOOD - 07.07.2020

What counts as “premises” for VAT?

Q. We run a café and sandwich bar in a shopping centre. Outside our café we have about ten chairs and four tables where customers can enjoy their food and drink. About 20 yards away there is another seating area, described as a “food court”, where customers from six different catering outlets can sit. This area is cleaned by the shopping centre and not any of the outlets. Is cold food consumed at both outlets zero-rated as takeaway sales? ...
Read more

INTER-COMPANY CHARGES - 01.06.2020

VAT on recharges to overseas parent company?

Q. We trade as the UK subsidiary of a German parent company in the sportswear market. The parent company has appointed a UK-based person to research a new product and has suggested that the employee comes on our books for PAYE purposes and we recharge the salary and employers’ NI to them at the end of each month. How do we deal with the VAT in this situation? ...
Read more

Cookie policy