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vat

  1. C

    Embarrassed - VAT not paid by agency

    Morning all, please be gentle.. I'm very embarrassed at my naivety.. I just wanted to see where I stand on this matter if anyone could give me some advice.. Long story short, I was always an Umbrella company contractor, mainly as I did not understand the whole process fully.. so anyway last...
  2. R

    Vat only invoice

    Hi I am doing some work for a company and they have asked me could I send a separate invoice for the VAT a month later. My Ltd company is VAT registered, does anybody know why this would be and if it is even legal? Thanks
  3. A

    Gone over VAT threshold

    Hi all, I'm looking for some advice, I've been on a self-billing contract for a while and not been keeping a close eye on my company turnover and I think now that I have gone over the VAT threshold sometime in Jan/Feb 2016. I'm looking at the HMRC website to register for VAT and it is asks if I...
  4. G

    Digital Product Manager / Product Owner - What flat rate do I fit into?

    I'm trying to get the right classification for my flat rate VAT application. I am a product manager by trade but cant find a suitable classification. Are there any Product Managers / Product Owners here that can tell me which bracket they go for? I had a look at the HMRC website but I just...
  5. L

    45p per mile, VAT on VAT

    As a contractor, I understand I must invoice my client for mileage at 45p per mile plus 20% VAT. This is normal practice. What puzzles me and which I can not find any answer or discussion on is that there is a rule which states that VAT should not be charged on VAT. Yet, the 45p per mile...
  6. H

    VAT Notice of assessment of tax

    Hi would appreciate some advice on the following matter which is creating a fair amount of stress. For the past 2 x years I had been contracting using an umbrella company (Parasol). Because of the 24-month rule I considered the possibility of setting up my own Limited Company, and actually did...
  7. I

    Backdating VAT - payment date or actual work done

    Hello, I am an IT contractor, working for an agency with 21 days payment delay, where payment date is the same as invoice date they are raising on my behalf. Just registered for the VAT with a start/effective date of 10/01/2015. I've asked my agency to back date/back pay the VAT on all of the...
  8. S

    VAT on services to Gibraltar client

    MyCo is VAT registered in the UK. My understanding is that if MyCo did work (provide a service) for a business client in, say, Belgium, then VAT would arise for MyCo in Belgium rather than UK. Not sure if this is right? Gibraltar does not have VAT. Adding VAT at 20% would make my services very...
  9. R

    Flat rate VAT - Telecom and IT consultancy difference

    Hi, I am working as a consultant in networking. My job responsibilities are network consulting, network security, pre/post-sales in networking and troubleshooting. Does networking fall under IT consultancy?. Or is it under telecom?. Telecom is currently charged at 12%, IT consultancy is...
  10. D

    invoice template for a UK limited company

    Hi all, This is my first post so please be nice! This might be an unusual question for this forum. I work in India and would like to invoice a client in the UK. Would a normal UK invoice template (with amount in sterling and VAT) suffice or do I need to send the invoice with amount in Rupees...
  11. C

    VAT Inspection - what to expect?

    Hi I got the call today for VAT inspection. My accountant is compiling info but won't be there when HMRC visit. I was just wondering what to expect. How far back they query? I've never had a VAT inspection before and been contracting since 2006. I took a year or so off to retrain and posted nil...
  12. D

    VAT for non-EU company contracting to EU companies/individuals

    I am running a Hong Kong Ltd company, and recently became aware of EU VAT changes, which seemed surprising (asking a company in one country to collect tax on behalf of another country). I am additionally confused as some places talk about the law changing in 2010, others it changing in 2015, but...
  13. G

    VAT Free purchses in Flat rate scheme

    I am registered for flat rate VAT scheme and i have just purchased a pc monitor from pixmania-pro website (paid from my company a/c). They didn't charge me VAT as i have opened an account with them and provided them with my VAT reg. no. Now when i file my VAT return for this quarter, should i...
    • gaumzi
    • Thread
    • flat rate scheme hmrc vat vat free
    • Replies: 2
    • Forum: General
  14. The Spartan

    Is this Karma for Amazon

    Amazon to be stripped of tax advantage on sale of ebooks | Technology | The Guardian It's about time something like this happened :grin
  15. J

    Register for VAT flat scheme

    Hi, i'm about to register for the flat Vat scheme, What call do IT contractors fall into , im guessing its Computer and IT consultancy or data processing?
  16. T

    Contracting in the UK via HongKong registered company.

    Hi all, I have a question regarding contracting in the UK and be based in HongKong. I am a Dutch resident at the moment, but there is always a time for leaving. So I am "signing" out of the The Netherlands, therefore I am not liable to pay any Dutch taxes anymore. I am planning to open a...
  17. G

    VAT Registration

    Hi All, Just been told by my agency that the client requires me to be VAT registered. I've never had this before, income over last couple of years has been below the threshold and I expect it to be next year. Anyone know why the client would need this? Cheers
  18. B

    Claim tax back for my laptop/ backup server/ Technet while Umbrella contracting?

    Has anyone who contracts via an Umbrella company claimed (successfully) for tax back for computer equipment (I have bought a laptop and a backup server) and a Technet subscription while being 'employed' by an Umbrella Company? I know self employed people can do this if they own their business...
  19. B

    Doubts about VAT

    I am planning to start an IT contracting career and have a few questions about VAT. I went through a lot of threads here but couldn't find answers. Thanks in advance for your replies. 1. If I register for VAT as a Limited company, do I have to bill my clients for VAT even if my turnover is...
  20. C

    Do clients prefer my Ltd to be VAT registered?

    In the past, the VAT threshold mandated my Ltd Co. to be VAT registered. These days I'm well under that and purchases that are "wholly and exclusively" for the Co. are also low. Consequently, I'm wondering whether it's worth the bother of staying VAT registered. Paperwork aside, the key issue...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
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