.png)
.png)
Some seasonal VAT tips are handed out.
KEY POINTS
- Voluntary VAT registration can be advantageous for businesses making zero-rated supplies.
- HMRC has agreed that lower rates can apply to some engineers and consultants.
- A review may be needed of such professions and others in light on the proposals on limited cost traders.
- Input tax incurred before registration can be recovered but there are limitations.
Advisers should be prepared to challenge HMRC on penalties when appropriate
Another year over and what a quiet one for our great country. Nothing much has happened has it? Well certainly not in the world of the nation’s favourite tax where events have been as dull as a flat pint of beer on a windy day at a northern seaside resort. So it is a good time to round off 2016 with some of...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
