Patrycja

Hi, Thank you very much for your answer. And if I am a contractor but all my subcontractors are registered in CIS with gross payment status, do I not have to submit CIS300?

Hi, Thank you for your answer. I understand, so I don't have to file any tax return at the end of the tax year?

I am asking for an answer, it is important to me.

Hi, Thank you for your answer. I have one more question about this. If a company that only sells VAT exempt services registers for VAT UK and receives a reverse charge invoice, will they have to pay VAT to HMRC and will not be able to deduct VAT as standard?

Hi, Thank you for your answer. However, on the website: https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-should-i-be-registered-for-vat#basic-principles In 2.6 I see that "If all your supplies are exempt, you will not be able to register for VAT." Should the company still register for VAT GB?

The LTD company only sells services exempt from UK VAT (financial services) but has exceeded the registration threshold because the company has a large number of reverse charge purchase invoices. In this case, if all sales are exempt from UK VAT, should the company register for UK VAT? Thank you in advance

The overseas company is registered with the CIS as a subcontractor and has gross payment status. As a non-UK company, we do not submit Corporation Tax Return. I am asking for information about the obligations of a overseas company registered in the CIS and having Gross Payment Status. How CIS deductions should be made? How should a company pay tax and National Insurance at the end of the year? Thank you in advance

I have a limited liability company. I provide goods transport services for a business client from France. The goods are moving from Italy to Poland. Should I issue reverse charge invoices for a customer from France?

A foreign company issued a VAT invoice in a foreign currency for its contractor. They included the VAT amount in GBP in the note on VAT invoice. The accounting program converted the invoice value at a slightly different exchange rate than the one used by the seller, therefore VAT is recorded in a different value than the one shown on the invoice. What VAT value should be indicated on the VAT Return, the one from the VAT invoice or the one from the accounting program? Thank you in advance

Can a foreign company (NETP) use the VAT Cash Accounting Scheme to settle VAT in the UK or is it only possible for companies based in the UK? Thank you in advance