Recent content by vivente

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    EBay vat invoice

    Just message them and request one.
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    Reclaiming VAT, invoice in 3rd party name

    An interesting read here that may give you some clues. https://www.taxinsider.co.uk/vat-should-an-invoice-always-be-in-the-name-of-the-business-ta It may be that the person who received the advice was an employee at the time and given a contract exists which shows how this arrangement is to work...
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    Accounting software advise...

    I'm no fan of Sage feeling much the same as you do stuck on their system because of a lack of available alternatives. They do have a solely cloud based version of Sage that exists and is much cheaper than Sage 50c. That is Sage Business Cloud. They have a couple of versions. The featureset has...
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    Sole Trader and Ltd Co joint VAT?

    Just ask HMRC. It's the only way you can be sure that you will not be hit with an unexpected VAT bill down the line. You are going to need to contact HMRC anyway if you want to open a PAYE scheme for the Sole Trader as that will likely draw a focus anyway on to the topic so best just to have the...
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    Chat GPT

    Unfortunately I think the students of the future will be forced into learning and researching in the virtual environment. They will do all their research in that environment and it will be monitored. Everything they write will be recorded. Every single word. The sources they use. The notes they...
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    OSS return through HMRC, Finnish tax office demands payment directly

    We have now received this afternoon an email complaining that we haven't submitted our October to December 2022 OSS return by the deadline. We have, and its paid and that is confirmed on their website. Not sure what is going on with HMRC's OSS section as none of these issues are immediately...
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    Debate: Zero-rated and VAT registration

    Many thanks. I didn't realise that. I knew out of scope existed and exempt existed as two distinct things therefore if both are not taxable supplies then why the need for two different names? Turns out exempt are included as turnover in the flat rate scheme and out of scope is not hence why a...
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    eBay Restrictions - Please help

    Actually not that simple. The buyer can counter by saying they received x of no value in the parcel that weighed around the same as the seller product and that the seller clearly tried to scam them. If they present anything to that effect it is likely the buyer will win. Ebay is biased to the...
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    Invoicing My Wife's Business?

    Just do a normal business transaction and be done with it. HMRC pick and choose what they will bother about and how they view your business largely determines how they view you. They may chanllege you over the rounding of VAT but ignore obvious gaps in expense claims. It's just where their focus...
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    Debate: Zero-rated and VAT registration

    This is quite simple from my point of view. You have taxable and non taxable supplies. Taxable supplies are those that fall within any VATable supply and then there are those that are out of scope. Please note taxable supply includes zero rated and exempt. Therefore if turnover exceeds £85,000...
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    OSS return through HMRC, Finnish tax office demands payment directly

    Hi Nick, Looks like we are both seeing the same issues. We too have an email from HMRC advising us that we need to use the correct reference for our payments. The issue I have with this is that we pay our VAT OSS bill directly on their website as soon as we submit the OSS return. By paying...
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    Selling Commercial Vehicle to Northern Ireland Business

    Here's HMRC's own tool. Pay careful attention to the questions and if you can't answer the question on what will happen the vehicle after it is sold then you need to clarify with the buyer. The questions are not there by accident. https://www.gov.uk/vat-vehicle-sales
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    OSS return through HMRC, Finnish tax office demands payment directly

    Ahh never thought of currency. Of course we collect in sterling and they are showing Euro so yeah the exchange rate is in the right ballpark therefore looking like it is perhaps right. It does indeed look like something has gone wrong, whether not sent at all, sent the wrong way so it couldn't...
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    OSS return through HMRC, Finnish tax office demands payment directly

    I've just gone through Q2 and the amount before interest does not match our declaration for Q2 2022. I've also gone through all our submissions and none have the amount they are showing. That's odd that yours is correct and ours isn't. At least if they'd both been right or wrong it would have...
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    OSS return through HMRC, Finnish tax office demands payment directly

    Post has just come in and we have a demand from Finland for Q2 2022 for payment so I'm wondering if they have an issue on their systems and are issuing letters incorrectly. I'm away to check the details of it to see if we had any sales in that period if they match the details on the letter.
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