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  • When to Register for VAT - AccountingWEB
    You asked the same question on the HMRC forum and got the same answer, it's not rocket science, he should register for VAT from very first UK sale if he doesn't, Amazon will realise it soon enough and hold any payments due to you and will stop you trading on their platform No UK physical address No staff in the UK No control Director in
  • Sole trader Dance school - what VAT rules apply? - AccountingWEB
    I have a client, who is a sole trader and runs a dance school She charges for lessons, uniform, events and exams, and makes profit She teaches ballet, tap, modern, jazz, acro, contemporary, pointe and conditioning and street dance to children from 3 up to age 18, and teaches adult ballet Some
  • Advisory Strategies on Recommending VAT Schemes for your Clients
    This is ideal for smaller businesses with an annual VAT taxable turnover (excluding VAT) of £150,000 or less in the next 12 months If you think your clients in this category prefer a simpler way to calculate and account for VAT, FRS helps apply a fixed percentage on their gross turnover The percentage, however, varies across different
  • How to work out VAT on the NEW Tescos receipts!
    One might test Tescos’ mettle by, at the end of each VAT quarter, call at Customer Services armed with a bundle of invoices, and request their providing VAT invoices; or just email them at the end of each quarter with the copy invoices and request VAT invoices (for each one) “by return” (drawing their attention to their obligation under Reg 13)
  • Is there VAT on Stripe fees? - AccountingWEB
    I therefore have to account for the VAT using the reverse charge system I use AccountsPortal and in their help guide, they give the following information: Reverse Charge: VAT Treatment = 22 - Goods from EU Supplier and VAT Type = Standard Rate Reverse Charge; VAT Treatment = 23 - Services from EU Supplier and VAT Type = No VAT
  • One year to go: what you need to know on Making Tax Digital for Income . . .
    Taxpayers will need to report a summary of their business income and expenses to HMRC each quarter If business or property income is below the VAT registration threshold only the total income and expenses will need to be reported each quarter; for income above the threshold more detailed categorisation will be needed
  • VAT: Rules for groups reformed - AccountingWEB
    Mary cannot form a VAT group between herself and the two companies because she is not making any business supplies so she is not eligible to register for VAT as a sole trader Dividend income is outside the scope of VAT But the two companies could form a group because of Mary’s control of them both (VAT Notice 700 2, para 2 9) Benefits
  • Xero unveils new MTD product for sole traders and landlords
    A separate update on Xero’s partner channel states that non-VAT Xero Cashbook subscribers will be migrated to Xero Simple from April 2025, with the product available for £7 per month (excluding VAT) Users with VAT Cashbook plans will be migrated to one of Xero’s business plans in September 2025
  • Supply of services from UK to Ireland | AccountingWEB
    But alternative evidence is acceptable, either within or outside of the EU It is not necessary for the customer to be VAT registered, but the value of such services received must be added to the customer's own taxable turnover when determining whether the VAT registration threshold is exceeded (section 5 7 of the same notice)
  • Crunch time for Walkers in poppadom VAT case - AccountingWEB
    And awful lot of VAT law is based on perception I would never perceive these monstrosities to be anything other than oddly flavoured crisps, so I have no issue with the tribunal decision It's not as if Indian curry houses are handing them out with sit down meals





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