Jay Cooke

You have to declare output tax on any stock, assets or goods where the combined value is more than £5,000 net. So your van cost £13,000, assuming the current value is 50%, less than what you paid (£7,500) this is over £5,000 and you'd have to declare output tax on your final VAT return of £1,500.00 Of course, the value of the van will be much higher than in my example, you purchased it 4 months ago in April so will not have depreciated by my 50% example. You would also have to include the current market value of any tools, machinery, equipment and any stock of materials in this calculation. These rules exist primarily to stop traders from registering for VAT just so that they can reclaim input tax on purchases and then deregister. https://www.gov.uk/government/publications/vat-notice-70011-cancelling-your-registration/vat-notice-70011-cancelling-your-registration#section-7 "When you cancel your VAT registration, you usually make what is known as a deemed supply of the goods you have on hand. This means you may have to account for VAT on some of your business assets and stock on hand, depending on: what they are how you obtained them why you’re cancelling your registration You will not have to account for VAT if the total VAT due on the assets would be £1,000 or less.

The zero rate is for the installation of energy saving materials, repairs to existing systems are not going to fit the definition of installation, repairs are therefore 20%. Section 2.3 https://www.gov.uk/guidance/vat-on-energy-saving-materials-and-heating-equipment-notice-7086#installations-of-energy-saving-materials "The relief applies to the services of installing energy-saving materials in residential accommodation. For example, where a customer employs a business to install energy-saving materials that the customer purchased directly from a retailer."

Depends. If you are renting the dwelling long-term, then it will be an exempt supply. You cannot opt to tax a dwelling. However, if you are renting the property on short term/holiday lets (AirBnB), then these supplies are automatically standard rated. You therefore need to be clear whether you are renting a home long-term or renting a holiday let short-term. There are also other direct tax implications depending on which you choose. If you are making long-term rentals which are exempt, you are required to perform a partial exemption calculation to determine whether or not you can reclaim input tax relating to the property rental business. The right to reclaim VAT is only ever on the basis you make taxable (VATable) sales, so where you don't make VATable sales, your entitlement to reclaim VAT is potentially restricted. Any business involving property should really involve seeking proper advice to ensure that you are exploring all the tax risk and opportunities.

Construction is a service, not a supply of goods, therefore you are limited to the 6 month rule. Even if you built a new Amazon style warehouse costing £1m, the whole structure is a service, not "goods" and the 6 month rule still applies. They cannot reclaim the VAT on the materials element either as those materials have been incorporated into the structure and the therefore are the goods "on hand or in stock at time of registration?" and the answer is no, they are not on hand or in stock, they have been used to build a structure.

Hopefully HMRC Admin will not remove the link, it has all of the answers required - https://www.accountingweb.co.uk/tax/business-tax/postponed-accounting-your-questions-answered You do not have to sign up for PVA, most freight agent just assume/default to using postponed VAT even if you are not aware. You must therefore enrol for the postponed VAT service with HMRC so that you can see your postponed VAT statements. Follow this HMRC link https://www.gov.uk/guidance/get-your-postponed-import-vat-statement and scroll down to green "start" button and then sign into your government gateway. If you do not have an EORI number then it will ask you to apply for one, assuming you have an EORI number, it will ask you to register for "CDS" (Customs Declaration Service", follow the links and answer the questions about your business (incorporation date, VAT number, address) if enrolling produces an error it is usually the address that is sensitive. Once you answer the questions correctly you will be granted access to the CDS platform. You need do nothing else regarding CDS. Go back to the above link (get my postponed VAT statements" and this time when you log in, you will be shown a screen with your postponed VAT statements, download each month and these are entered into your VAT return as boxes 6 and 7 and boxes 1 and 4. If you move your mouse/pointer to the top of that screen, the black banner with white text stating "view your customs financial accounts", if you click that banner/wording, you will go to another screen and here will be your C79 certificates. Download these and you can reclaim in box 4. C79's are all digital now as almost all freight agents use the CDS import software and they are all found via your government gateway.....but you must follow the HMRC link above or google "get my postponed VAT statements" as you cannot access these customs pages by just logging into your gateway, you must go via the link.
A further source of information is accountingWeb  

[Edited by Admin]

Angela The output tax on the sale of a commercial property is dealt in the exact same manner as any sale. You'll have a sales invoice (or more likely a completion statement), you declare the output tax on the VAT return as per date of invoice/completion statement. Whether you are on accrual or cash accounting, the way in which property is sold, you will have received the full funds on the day of completion/sale and/or a completion statement invoice issued.

https://www.gov.uk/guidance/vat-reverse-charge-technical-guide#construction-services-supplied-with-goods-or-other-services Have a read of the technical guide, section titled " Construction services supplied with goods or other services", otherwise, if there is an element that is CIS and an element that is not CIS, the whole supply falls under reverse charge (as a simplification/make mixed supplies easier to deal with). Also note in the same section the topic of splitting a contract between services/labour and materials only.

You, as the applicant, decide what category you fit into, so when you say you've been put in the incorrect category, do you means HMRC have made an error or do you mean you chose a category but then upon reflection, realised you should be in a different category? Either way, you'll not be able to achieve much over the telephone, write to HMRC advising them that you wish to change your flat rate category from (date) and then proceed on the basis that HMRC will accept this change from that date and will eventually write to confirm it to you, In the meantime, file your flat rate returns using your new/revised category.

Sounds like you take possession of those goods in the EU location where you buy the goods. Place of supply of goods is where they are at time of sale, so you will need an EU VAT registration where your stock/supplier is based. These sales are not made in the UK and so do not need a UK VAT registration/turnover does count towards UK VAT threshold. Your EU supplier will charge you their local VAT rate unless you supply them with an EU VAT number.

Follow the guidance in this link https://www.gov.uk/hmrc-internal-manuals/vat-input-tax/vit32000 to ensure that your 2 invoices are valid and in time. If valid/in time, then just include the invoices in your first VAT return (ie, you'll have your sales and purchases for the 1st period return anyway, and then make manual adjustment in your accounting software/spreadsheet to include these 2 historical invoices) and that way the VAT will be picked up on the VAT return. HMRC inspect all first VAT returns, so be ready to expect contact from HMRC and requesting copies of purchase and sales invoices, bank statements and copy of your detailed VAT report/spreadsheets.