SamSam
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VAT information from the billing
I hav just checked that my previous property agent charged me VAT on every billing such as agency fee, management fee, refurbishment cost, etc. But in the receipt provided, I cannot find any VAT registration number and I have asked them many times to request to issue me VAT inovice. But the property agent ignored. I suspected that no VAT the property agent need to pay but the agent charged me extra 20% VAT. How can I ensure that my VAT payment was handled properly by agent to HRMC? Thanks. -
Corporation tax filing
I would like to file the corporation tax through HRMC website. My company just has property income less than 5200 pounds in this year. I have inputted rental income 4000 pounds into CP507 income from property and all the expenses 3000 pounds into CP508 Expenses directly related to income from the property. It showed total income from the property is net amount of 1000 pounds. But when I continue near the end of input. CP289 Adjusted trading profit showed 3000 pounds and CP512 income from property showed 1000 pounds. The total profits before other deductions and reliefs is 4000 pounds again. CP295 Net profits chargeable to Corporation Tax showed 4000 pounds. I totally dont understand why 4000 pounds is subject to corporation tax but not 1000 pounds because I have 3000 pounds expenses, such as repairs, letting management fee, etc. Really dont know how to file my corporation tax now.