Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Answers to five festive VAT questions

18 December 2018 / Neil Warren
Issue: 4677 / Categories: Comment & Analysis
istock-623375720_fmt

Christmas treats

KEY POINTS

  • Conditions for correcting a VAT error on a tax return.
  • Partial exemption de minimis on input tax on rental property expenses.
  • Business expenditure and the flat rate scheme limited cost trader category.
  • Leaving the cash accounting scheme.
  • Changes to the treatment of business to customer digital sales within the EU.

It’s all about the numbers say the multi-millionaire potential investors on the BBC’s hit television show Dragons’ Den. At this stage the business owners seeking a deal often quote a series of figures that are clearly wrong – is your gross profit really lower than your net profit a confused investor might ask. Anyway to finish 2018 with a Taxation Christmas cracker here are five festive VAT situations in which the correct answer depends on...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

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.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon