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vat

  1. Y

    VAT Determination

    Hello, I've a strange case with one of possible contracts. therefore running some sanity checks/due-diligence. let's say: 1) I'm contractor with MyContract-%^&-LTD - which is UK-registered (incl. VAT) 2) Agent is say CambridgeInc455 - Denmark-registered. 3) End-client GibberishInsurance4532...
  2. C

    VAT on digital services from abroad

    Hi, In VAT parlance "Digital Services" is a wide category, so this is about renting a server (VPS), say for web-hosting, mail, or off-site data backup, from a company based outside the UK, be that EU, US, or elsewhere. Must an overseas hosting company be UK VAT registered in order to sell in...
  3. I

    HMRC VAT Compliance check

    I was contacted by HMRC for VAT compliance check even though I have an appointed representative who is my accountant. They asked to see 4 years of paperwork. I directed them to my accountant. My accountant provided to them what they asked for. I am a few weeks into this compliance check process...
  4. B

    VAT - UK sole trader providing services to Italian VAT registered company

    Newie here. I am hoping for some tips and guidance. I have set myself up as (UK based) sole trader providing consultancy services for a company (VAT registered) in Italy. My interactions were with the UK based team, but the head office is based in Italy and they will pay me. I have now sent my...
  5. R

    Allowable expenses - university training

    Hi all, This is my first post on this forum so I just wanted to take the chance to thank you all for the information shared so far! I have been contracting for some time already - last project in date was a nine month contract as a data scientist with a famous social network company. In...
  6. 8

    Reclaiming VAT and Corporation Tax under FRS

    Hello all, Just have a quick question regarding VAT and CT claim for a limited company. I want to purchase a PC say for £1,000. I am struggling to understand whether it is better to buy a PC and then register for VAT FRS and reclaim the VAT for this pc as it will be pre-registeration input...
  7. A

    Only Remote & intracommunity VAT

    Hello, I'm a developer, I have a UK LTD company and I work exclusively remotely from home. Since this month, I've been working with two companies: the first one is based in Ireland and the second one in Switzerland. My turnover is lesser than 85000£ but I had to register to the VAT scheme...
  8. I

    Construction Industry VAT changes

    Just wondering if anyone knows anything about the construction industry VAT changes that are due to happen on the 01st October? Just wondering whether my work as a drainage contractor could be affected by it? From reading up on it I think there is a possibility it could but not quite sure how to...
    • Ianwoord
    • Thread
    • accountacy accounting and legal construction contract advice vat
    • Replies: 2
    • Forum: Accounting / Legal
  9. K

    Buying Equipment in a non-EU country - taxes

    Hello! I have a question. We're a VAT-registered business in the UK. We have a business trip coming to Japan. We want to buy electronics intended for business use (mainly digital cameras) there. They are much cheaper in Japan. We would be bringing them in personal luggage. Probably even open...
  10. E

    VAT & Offshore Businesses

    Hi. I posted this in a specific thread on Gibraltar but frankly, it's probably wider. So I'm totally new to running my own business and VAT and wanting to learn more about this (from an educational point of view). I've worked in SEO for a long time (as a self-employed person) but making a...
  11. S

    Starting a contract before the VAT registration is complete.

    Hi, Crunch (accounting) have applied for my VAT registration for my newly created company but there was a mistake and hence HMRC requires more evidence/documents for the verification process. I have all of those and have already provided them to Crunch which in turn will update my application...
  12. C

    Buying a new Laptop as business expense

    Hi everyone, I am working as an IT contractor for a client that provides me with IT equipment (it's a financial institution, therefore security is paramount). I would like to buy a new laptop, expense and reclaim VAT on it. This laptop will be used mostly at home for coding, training and...
  13. R

    My agency wants the VAT certificate but I only have the number.

    Hello, My agency says it needs my VAT certificate, is that normal, is that legal, why do they want that? I already gave them my VAT number. My accountant (CRUNCH) sent me the number and told me I will receive a letter with that certificate, but still nothing about that letter (I applied 3 or...
  14. N

    VAT on overseas contracts

    If I work for a client in the EU, but am based in the UK and do not need to pay VAT since my company's income was below the threshold, do I still need to have a VAT number?
  15. P

    UK VAT When paying invoice from Gibraltar Corp?

    Hey everyone... I am quite confused! When my UK company receives an invoice from a company in Gibraltar, which provides consultancy and marketing services, I am required to pay/account for UK VAT? It is my understanding that although Gibraltar is in the EU, it is outside the scope of VAT...
  16. J

    change from standard vat to fixed rate quickly?

    Hello all, I have just registered for vat back in march /april ( registering for the 'standard' scheme) and am just about to submit my vat return tomorrow for the 1st quarter but have looked at the figures and it looks as if i would be much better off using the flat rate scheme and make savings...
  17. G

    New VAT FRS 16.5% - how to save 2%

    I am an IT contractor on 14.5% VAT FRS. I do not fall under limited cost business. So to avoid paying 2% extra tax to HMRC, what are my options except spending that 2% on stationary every quarter?
  18. M

    Software Supplier calculates support costs incorrectly - charging VAT on VAT

    I'm disputing an annual invoice for software maintenance - it's the first one I've received, and I reckon they've overcharged me, so I disputed it. The annual charge for Support is 22% of the purchase cost of the software, and here's how they work it out: 1. Add VAT to the Purchase Cost 2...
  19. N

    Contract with HPE through a German Recruitment Agency

    Have successfully been offered my first ever contract (after 26 years in perm employment before being made redundant) with HPE and received my contract today and realised that the recruitment agency used is based in Germany. The contract states that I will be invoicing the recruitment agencies...
  20. O

    Agency won't stop Self Billing

    I started a contract last month with a new agency. Before starting I opted out of the Self Billing arrangment as allowed and clearly stated in the contract. They confirmed that I had been withdrawn. I invoiced them at the end of the month but a few days later have received a document from them...

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  1. Contracting
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      1. Brexit
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      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
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    5. Welcome / FAQs
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