August 2010
1 post
Registration Limits for UK VAT from 1 April 2010
The VAT registration limits changed on 1 April 2010. If you want to know what the VAT registration limits are in the UK you can find them on my blog. Posted via email from VATark: The Fun VAT Man | Comment »
March 2010
1 post
Sponsorship - can it be zero-rated as charity...
I had a ‘phone call recently from a charitable organisation that was intending to give another charitable body a grant with which to buy vehicles. The intention of the grant giving organisation was to require the recipient to put certain logos on the vehicles to indicate that they had been funded by the organisations providing the money. By putting this requirement into the contract with the...
February 2010
2 posts
Paying VAT by cheque? You'll need to get the...
HMRC has announced that from 1 April 2010 it will be treating payments made by cheque for VAT as received on the date cleared funds reach its bank account.This is a significant change and one of which businesses need to take account. From 1 April 2010 if you send in your VAT return and payment to arrive by the due date the payment will be late because it will clear on a date after receipt. This...
Time limits for keeping VAT records
A little while ago I put out a note about new time limits that HMRC have introduced for how far back it and taxpayers can go when correcting errors, and highlighted the good and the bad points. You can find the post on my website. After that post, I was asked if that meant that the time limits for keeping records had been reduced from six years. I was unable to answer that question then, but HMRC...
January 2010
2 posts
Snow in Crawley
Some photos I took on Wednesday while I was out walking in the snow. See the full gallery on posterous Posted via email from Karen & Robert Killington | Comment »
VAT Fuel Scale Charge - what to do after 1 January...
After yesterday’s post about the Flat Rate Scheme for small business rates that apply from 1 January 2010 I thought I’d remind you about the change to the Fuel Scale Charge. I’ve prepared a table showing the new amounts to apply now that the VAT rate has increased to 17.5%.If you apply the Fuel Scale Charge for private motoring you need to remember to apply the correct rate for...
November 2009
1 post
Want to know how much VAT you're paying? Here's...
If you run a VAT registered business you will get bills that show a VAT inclusive price. You need to know how much VAT is in that price so you can reclaim it on your next VAT return. Here’s how you do it:Let’s work with a nice round figure: £100. The current VAT rate (November 2010) is 15%. So you multiply £100 by 15 and divide it by 115… Eek! big numbers. It’s easier, you...
October 2009
1 post
Spider outside the kitchen window
Posted via web from The Killingtons | Comment »
September 2009
1 post
Tweetie goes to Leeds Castle
Audio File attached Mon Sep 21 18:15:09 BST 2009 (1287 KB) Listen on posterous Posted via email from M0VPG | Comment »
August 2009
5 posts
VATark
Posted via web from VATark’s posterous | Comment »
VAT registration woes... →
Oh! Good grief! Is that really the standard of response people get from HMRC’s VAT registration unit in Wolverhampton?? Let me explain. I’ve just been reviewing a copy of a letter that an…
Buying VAT free from abroad...
I had a letter from Royal Mail the other day asking me to pay VAT on a parcel I had ordered from the USA. The parcel arrived today, after I’d paid the VAT and Royal Mail’s handling fee. So what? Well I’ve bought quite a few things from the USA and not been asked to pay VAT, so it’s a bit of a lottery.BUT… If you are buying low value items, up to £18 including...
Can I claim back VAT on car parking charges?
I was asked this recently and like a good VAT adviser answered with a non-commital: it depends.The client explained that they had several employees who travelled to meetings and incurred costs of parking. Sometimes the vouchers the employee got when parking showed a VAT number and sometimes it didn’t. This was confusing and they wondered whether they could just write the VAT number on the...
VAT registration woes..
Oh! Good grief! Is that really the standard of response people get from HMRC’s VAT registration unit in Wolverhampton?? Let me explain. I’ve just been reviewing a copy of a letter that an accountant client received from HMRC. He had submitted an application to register for VAT on behalf of his client because they’d acquired a property as a transfer as a going concern. Eh? I hear...
May 2009
3 posts
VAT Chat - the questions, the answers and a bit... →
Last Thursday, 28 May, I had the privilege of being the ‘expert’ on the receiving end of questions on my specialist subject. This was the first online Chat organised by Better Networking for…
Received an automated voicemail or an SMS claiming... →
HMRC has just announced that it is testing the use of automated contact with ‘customers’ by way of voicemail or SMS. The voicemail or SMS will request that you contact them on one of two phone…
Applying for VAT registration: errors to avoid →
At a recent meeting HMRC told the attendees that there were four common omissions that lead to applications for VAT registration to be delayed. Before I tell you about these omissions, so you know…
April 2009
3 posts
Budget 2009 - VAT items →
There have been a lot of comments on yesterday’s Budget. Not many of them about VAT. Given the state of the economy in general that should come as no surprise. All I’m going to do today is to give…
Exchange rates for April 2009 →
HMRC has published the new exchange rates for April 2009. You can find the exchange rates on HMRC’s web site, you can also download them as a PDF file or a Word file. The…
Exchange rates for April 2009 →
HMRC has published the new exchange rates for April 2009. You can find the exchange rates on HMRC’s web site, you can also download them as a PDF file or a Word file. The…
March 2009
3 posts
Reduction in official interest rates →
HMRC has announced that they will be reducing the interest rates applied to VAT owed to them from 24 March 2009. The new rate will be reduced from 3.5% to 2.5%. Interest paid by HMRC on amounts…
Unjust enrichment: claims to be resubmitted →
During February 2009 HMRC released Revenue & Customs Brief 5/09 which announced that they would be accepting resubmission of claims that had been submitted before 26 May 2005 and rejected on…
News update →
It’s been a few weeks since I updated this and yet there’s been a few things going on. HMRC have issued several Revenue & Customs Briefs - six in total, but not all on VAT, released a number of new…
December 2008
3 posts
Car Parking: excess all areas →
Car parking? Excess charges? What’s that mean? Well, as far as I can tell it means what you and I might call a parking fine or penalty. You know, what they charge you when you stay longer than…
Moving on with Tumblr
I’ve now set up a link to my web site’s RSS feed. Be interesting to see how that works.
Checking out Tumblr
Just checking out tumblr.