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Into the VAT

26 October 2010
Issue: 4278 / Categories: Comment & Analysis , VAT

NEIL WARREN shares the experiences of a practitioner who failed to recognise the importance of properly dealing with value-added tax

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KEY POINTS

  • No good time with capital goods scheme.
  • Fearful of the flat-rate scheme?
  • Changes to the place of supply rules.
  • Don’t overlook the implications of the registration limit.
  • Don’t mistake disbursements for expenses.

‘Now then Oublier’ said Mr Snoop HMRC’s VAT inspector to London-based accountant M. Oublier le VAT ‘you really have made a mess of some of your client’s VAT affairs. There are some absolute horror stories here. In fact I am going to have to cancel the place I had booked on an HMRC “customer care” course next week just so that I can come here and untangle it all!’

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