Recent content by Ross poldark

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    Commercial to residential conversion at reduced VAT rate ?

    I think you do need to read This is backed up by VAT consultant letter of confirmation along side with notice 708
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    Commercial to residential conversion at reduced VAT rate ?

    7.4
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    Commercial to residential conversion at reduced VAT rate ?

    https://www.gov.uk/guidance/buildings-and-construction-vat-notice-708#para7-6
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    Commercial to residential conversion at reduced VAT rate ?

    Ok
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    Commercial to residential conversion at reduced VAT rate ?

    Section 7.4 commercial to residential conversion https://www.gov.uk/guidance/buildings-and-construction-vat-notice-708#para7-6
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    Commercial to residential conversion at reduced VAT rate ?

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    Commercial to residential conversion at reduced VAT rate ?

    I’m a builder who build my own commercial conversions Contractor shouldn’t pay %20 as merchant can reverse the vat charges Also I could be non vat registered But the question is how to educate the merchant to agree whilst it’s clear on HMRC website
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    Commercial to residential conversion at reduced VAT rate ?

    Hello Based on section 7.6 HMRC guidelines , developers are meant to get vat reduced to %5 on commercial to residential conversions… You need to present notice 708 etc… to the merchant . How the hell you get the merchant to understand the HMRC legislation to agree on supplying the building...
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    Dividend larger than a profit

    The accountant hasn’t got a clue where it comes from The only things I can remember is I have sold an asset Unfortunately the accountant has no more in practice and I’m stuck with it not sure how to rectify it
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    Dividend larger than a profit

    Not enough profit retained
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    Dividend larger than a profit

    Hello On what bases dividend can be more than profit on LTD ?
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    SA302

    Hi there all I was wondering if it’s legit to add another £7000 profit outside of my business earning to my SA302 in order to show real amount of income ? I have bought & sold couple of cars in my spare time with my cash so I’m just wondering if my accountant will be able to added to my SA302...
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    Offset the tax ?

    Hi I wonder if it’s doable to offset the %3 property purchase tax against company if the earning is added to the income ? What I mean is the income of couple of rentals added into my income in other company I have ? Mind, the properties are not owned by a company Reason behind this is to...
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    Commercial property valuation

    Hi all How much should I pay for commercial property in northeast uk ? It consists of 4 business ( barber / hot food / phone repair / hot food again ) and 2 of the shop comes with flat and all together is around 2500 sqf ( rough guess ) It generate £40k a year income all with leasehold around...
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    Vat claim confusion

    They normally invoice the company with current address ( not refering to the building ) I hope this won’t be illegal My take would be since the company pay for one of its building then it shouldn’t be an issue with vat man just in case
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