The publicity is starting to be rolled out about MTD for Vat, which we all know is up and running from 1 April 2019. When I say the publicity is starting to be rolled out I mean to us as…
Category: VAT
It’s the Cash basis Captain BUT not as we know it
I’ve hijacked a well used phrase known to all Trekkies but it is exactly apposite because we and by we I mean Accountants all know what the cash basis means. Income and Expenses are calculated on an as paid and…
Find your way through the maze of VAT and disability
Our expert Melanie Lord explains the labyrinthine rules that surround disabled people and VAT It is worth remembering that VAT works on the basis of ‘guilty until proved innocent’. VAT is chargeable unless there is a relief that specifically covers…
Vat and Partial Exemption, the difference is important
A recent study on businesses’ knowledge of partial exemption threw up some scary findings, writes Melanie Lord. Here she dissects the issues raised Given that my mission is to stop VAT problems from happening I talk to lots of people…
Contractor Corner
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors Immediate Exchequer risk needs to be addressed The minutes from the latest IR35 Forum held on 11 December 2017 demonstrate HMRC’s urgency…
MTD for Vat: It’s all about error reduction but what errors?
As we are rapidly closing in on the MTD “D Day” for Vat from April 2019 I’ve been reviewing all the output on the subject and seriously I’m astonished at just how many hoops we as accountants and our clients…
Firm foundations: VAT and property investment
Recent rulings and moves by HMRC have muddied the waters when it comes to property matters. Melanie Lord explains all; Given that investing in property isn’t exactly a new idea, lots of people dabble and think they know how to…
VAT’ll do nicely thank you
Throughout November and on into December 2017 Vat dominated many a conversation with fears up to the Autumn budget that the threshold was going to be reduced by the Chancellor and has turned to the implications of MTD starting in…
Contractor Corner – Inside of IR35 at even greater expense
Welcome to Contractor Corner, the series written specifically for accountants with clients who are contractors First Tax Tribunal for six years The last IR35 Tribunal was six years ago in 2011, but the scarcity of tax tribunals over the…
The Budget and You
Jeffrey Webber proffers some post-Budget action points for the small accountancy practice; Autumn Budget proposals affecting accountants and their clients will be implemented in the next Finance Bill, and future Budgets and Bills will address other areas. We list below…