Recent content by spidersong

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    VAT on trademark

    Ah, O.K. well as the Intellectual Property Office / Patent Office is a statutory body operating under the Trade Marks Act 1994 then the fees they change are not charged in the course of a business and so will fall outside the scope of VAT.
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    VAT on trademark

    If you're charging someone to use your intellectual property 9trademark), or transferring said property, it's a standard rated supply if registered for VAT (subject to EU/non-EU place of supply rules etc). If you're charging someone for misusing a trademark e.g. a fine/penalty, then it's...
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    Non VAT registered LTD reclaiming VAT

    Also the question is why would you sell for £120 if your base cost has just dropped from say £80 (gross no VAT reclaim) to £66.66 (After you've claimed VAT). So going for a £20 profit you're now selling at £86.66 net not £100
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    Claiming VAT from before registration

    Without knowing what and how you trade I couldn't say for certain, but as you seem to deal in selling goods then your return is probably correct. All the goods you had on hand at 1st Jan are/were going to be used in maing taxable supplies and so were recoverable. If the services were mainly...
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    Free Food Vat

    Unless it's milkshakes - milkshakes to take away can be zero rated. But even if you describe it as a milkshake with a free hot bap then do you also advertise the milkshake without the bap? because if you're not also selling it on its own at the same price as with the bap then HMRC will...
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    VAT & International Transactions?

    It's not quite that simple 1) it's actually 4 years for goods and 6 months for services, 2) for goods they have to be on hand at the date of registration and for services they have to have not been 'used up' in making supplies before registration 3) There can be complications when things have...
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    VAT & International Transactions?

    Just to confirm that's all sales made from the UK not to the UK, so if the goods are in the UK and you sell them to UK or Poland, or US, or Australia, those are all supplies in the UK even though the goods are eventually exported. So from what you said earlier in the post 50% of your turnover...
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    Claiming VAT from before registration

    Hi, the best way to think of it is that you don't get something for nothing with HMRC therefore: Generally you'll only be able to claim VAT back, or portions of VAT back, on things that you'll use to make taxable supplies and you only make taxable supplies after registration. It may be that...
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    Claiming VAT from before registration

    Found it: Perth Junior Chamber Conferences 1994 Ltd [Case EDN/94/323] They organised a three day conference taking place 29 April to 1 May, took most of their fees prior to 31 March and registered on 14 April. Then tried to recover all the VAT they'd been charged, HMRC argued that the Input Tax...
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    Claiming VAT from before registration

    I'll try to have a look later as I can't remember the case off the top of my head, but.. There was a case regarding pre-registration expenses and festival tickets where the people running it did exactly as you're suggesting; ticket sales prior to registration and expenses after or within the...
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    Advice needed on charging VAT as non VAT-registered sole trader

    If you are not VAT registered then you cannot charge VAT. If you put a VAT charge on your invoice then it would be fraudulent. You only charge (and then pay over VAT to HMRC) if you are VAT registered, and you only need to be VAT registered once your taxable turnover in the UK is above £85K in...
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    subsidiary of charity and VAT

    I'm with Scalloway that is a definitive list, the list as stated is when charities don't pay VAT on things they buy. Those should be the only supplies they GET VAT free. Whether they need to charge VAT TO their customers is a different list and neither here nor there to anyone making a supply...
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    If I'm VAT registered but selling to a non EU country, do I need to add VAT?

    Ah if you're looking at setting up a Personal Service Company (PSC) to act as an intermediary in your contracting work then yes normal set up would result in no VATable transaction between you and the PSC as you would presumably be an employee/officer of the PSC taking whatever was the most...
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    If I'm VAT registered but selling to a non EU country, do I need to add VAT?

    That depends on what you mean by trade through an intermediary. Everything applies equally to a sole proprietor, a partnership, or a limited company, so the trading 'vehicle' doesn't really matter. Intermediaries however can make a difference depending on the actual relationship. If they're...
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    If I'm VAT registered but selling to a non EU country, do I need to add VAT?

    Yes registering for VAT doesn't change the nature of your supplies so still outside the scope, no VAT charged and Input Tax to recover. It does of course mean that anything you do that is taxable (at standard or reduced) even if only a very small part of the business would need VAT charged upon...
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