sabrina_yin
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Audit Requirement for a UK Subsidiary with a Singaporean Parent Company and a Joint-Stock Co.
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator. -
Tax Deduction for Accommodation Expenses - Personal or Corporation name on invoice?
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator. -
VAT Invoicing Procedures for Solar Panel Installations with Scaffold Services
The business background involves the installation of a photovoltaic system, which requires the erection of scaffolding around the building to meet the operational purposes. The scaffolding company invoices us, and we invoice the end customer. Questions: 1. “When invoice the end customer, is the VAT rate normally 20%, and does it not involve VAT exemption?” 2. “Is there an involvement of reverse charge for VAT? Do we need to obtain the scaffolding company’s VAT number and CIS registration number?” 3. “If reverse charge applies, can we only receive a net value invoice from the scaffolding company?” -
Import Tax Issues under DDP Terms with no import customs duties and import VAT
Hi, i am the bookkeeper and deal with the VAT reclaim compliance from HMRC. Background: A UK company has purchased goods from China, with the terms of delivery being DDP. Situation: Now the UK tax authority is inquiring why no customs duties and import VAT have been paid. Question: Can I use the DDP term to explain this situation?Under DDP terms, the seller is responsible for paying all import duties and taxes, so the importer (i.e., the UK company) typically does not need to handle these costs directly. If the seller has fulfilled their obligations under the DDP terms correctly, then the customs duties and import VAT should have already been paid by the seller.