Recent content by Craig Bailey

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    Tax return / VAT repayment

    Hi guys, I'm hoping someone can help! I'm a sole trader doing my self assessment. I'm on cash basis and am VAT registered. In June 2017 I completed my VAT return and was able to claim VAT on all stock that was in the shop on Jan 31st 2017, the day before my VAT registration began. I obtained a...
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    Changed VAT scheme - Value of stock at hand?

    I'm sorry, I forgot to say thankyou so thankyou!
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    Changed VAT scheme - Value of stock at hand?

    Thanks for your help, appreciated. This part of step 1 confuses me "Work out the VAT exclusive value of stock on hand" Is that on hand at the time of registering on FRS or on hand when I registered for standard VAT? I had £8500 of stock at time of registering for FRS (that I claimed VAT back...
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    Changed VAT scheme - Value of stock at hand?

    Hi guys I had some good advice last time I asked a question which was much appreciated. I've recently moved from the FRS to the standard VAT scheme. At the time of joining the FRS I claimed VAT on the stock I held at the time of registration. Now I am on the standard scheme I believe I can...
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    A couple of VAT queries

    Thanks for the help guys, much appreciated. I'll send the VAT people a letter and see what occurs from there. Hopefully it is as it reads and I can choose a date in the past which to be honest is not something I thought would be possible.
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    A couple of VAT queries

    Good afternoon guys, i'm hoping someone can help! The first is, I registered for the FRS VAT in February 2016. I made out a return in late May of 2016 and since I have not been asked to make payments on account, instead I have been asked for the whole year payment in one go which will be due at...
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    Good afternoon

    Hi all. I'm a sole trader with a little greeting card shop in Shropshire. I've registered for this forum as I have a couple of questions regarding VAT so hopefully in due course i'll pick up a little bit of knowledge that clears the issues I have!
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