vat

  1. G

    VAT confusion

    I have 2 companies. At the moment, both are doing similar things. I am aware of artificial separation, so I need to register the main one for VAT. The business for the second one either needs to be moved to the first one or I need to register the second one for VAT to avoid artificial...
  2. S

    Owner of limited company and freelancing contract

    I have a limited company, and I am the sole owner and director, offering Software Engineering services. I'm currently in discussions with a potential overseas client who is trying to persuade me to sign a contract as a freelancer rather than through my limited company. The expected income from...
  3. D

    VAT scheme for small catering company

    I am helping a small catering company. Their accountant is not able or willing to advise on this. Currently they use the Standard VAT scheme. This is a typical VAT Return: VAT due on sales 7803.93 VAT reclaimed 2296.97 Net VAT payable 5506.96 Net sales 39085 Net purchases 25968...
  4. B

    Can any-one help with showing me how to submit VAT & Payroll

    Can any-one help me with submitting VAT and Payroll? Happy to pay for advice.
  5. Square_Pencil

    VAT reverse charge mechanism - on generic digital services?

    Hello, We are a small tech start up registered in the UK (also VAT registered). Do I need to claim/report VAT on digital services from outside the UK (google workspace, Wix etc)? The invoice says '* Invoice subject to the reverse charge mechanism - VAT to be accounted for by the recipient'...
  6. B

    Sequential Invoice numbers for limited company with multiple business trading names

    If a limited company has multiple business trading names, how can I have sequential invoices numbers for the limited company as a whole? Do I even need to? Each trding business has it's own website and as such there is no way for me to keep the invoice numbers sequential across the limited...
  7. N

    UK company shipping from EU warehouse to UK customer

    What do have to do when shipping an order to a customer in the UK from Germany? If under £135, then can we just add our (UK) VAT number to the address and account for the VAT as normally when sold in the UK? Will the customer then receive it without further customs charges? If above £135, is...
  8. N

    VAT Treatment on Debt Collection Fees

    We sent an invoice to debt collection, and the invoice has been paid, along with the debt collection fees on top. When sending a VAT invoice to our customer that paid all of the above, how do we account for the debt collection fees? We currently use a debt collection agency based in Poland so we...
  9. R

    Is there VAT on Stripe fees and does the reverse charge apply?

    Stripe are based in Ireland and therefore in the EU. From what I have been able to find out, Stripe are a payments facilitator and therefore Stripe fees are not VAT exempt, whereas PayPal is a financial service and therefore PayPal fees are VAT exempt. This would mean I have to account for the...
  10. mattbuxton

    Becoming VAT Registered

    Hi everyone, I have been running my business for a couple of years now buying clothing items from Italy and reselling in the UK, I currently do not make more than £1000 in profit a year but I would like to make my prices cheaper to sell more and get myself to that point. I have been debating...
  11. skaracay

    Add my company to my gov.uk account, which is managed by an accountant.

    Hi community, Since October 2023, we have received a letter from HMRC regarding VAT declarations for the company that we have ceased trading. The business activity stopped with 0 sales and 0 expenses. The accountant is requesting £270 for VAT declarations. How can I submit 0 sales and 0...
  12. C

    Charging VAT on vehicle rental

    If I have a van (my personal one) and want to rent it out to one of the drivers working for my company. Obviously doing this doesn't involve and VAT as the van is on my name not company. But if I want to deduct the rental straight from his pay through the company and then transfer the money from...
  13. A

    Importing goods and VAT registration

    I'm planning to import goods from EU and sell them in the UK. I understand I need to pay 20% import VAT once they hit the border. I assume I will be under 85k threshold for VAT, but in that case, is it worth to be VAT registered? If I am paying import VAT anyway, what are the pros and cons of...
  14. G

    VAT in case of EU, UK & US customers while having no substance in the UK

    Hi, I own an Ltd that will provide services to EU, UK and US customers remotely, the company will have no substance in the UK, I will outsource myself the work and personally manage it from the UAE. Will the company need to collect and pay VAT in the UK for any of these services?
  15. J

    VAT Enquiry

    Wonder if anyone can advise. I am a Tattoo designer/illustrator. I manually email across (therefore not deemed as digital) copies of graphic illustrations to global clients, which they then take to their local tattoo studio and have tattooed. I am also unsure whether the income received...
  16. S

    VAT Invoices for Staff Entertainment

    Hello all, I have a client whose employees are submitting many restaurant receipts as business expenses. The issue is that several of these receipts have an amount greater than £250.00, and they do not have any reference to my client's name. Will this be an issue when trying to claim back VAT...
  17. T

    Do we need to register for VAT?

    Hi, as a small company we let our building to small offices, with annual income expected to be max. £30000. Do we need to register for VAT as it is less than £80000.
  18. D

    Using PVA with UPS

    Question: Has anyone managed to consistently get UPS to use Postponed VAT Accounting (PVA) for shipments sent to them from overseas? If so, how did you do this? Background: We regularly receive shipments sent to us in the UK from overseas via UPS. Shippers specify our VAT and EORI numbers on...
  19. C

    HMRC seem to have really dropped the ball here, wondering if anyone else has experienced the same

    A couple of weeks back I received an e-mail from Amazon (a major revenue stream of ours) stating that they had been contacted by HMRC who said that we weren't registered for VAT in the UK and as such they believe that we currently owed two and a half years of back-taxes which they needed to...
  20. onerealbeanie

    International Charging of VAT

    Good Evening, Please could people enlighten me! I deal with a number of predominantly American businesses who supply me but these in turn seem to act through subsidiaries all over the place and outside of the UK and USA too, a few examples: Gandi (Domain Registrar) ENOM (Domain Registrar)...
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