Question time
KEY POINTS
- Services supplied to an overseas customer may be subject to VAT.
- Each person with an interest in land is responsible for deciding whether to opt to tax.
- The test for limited cost trader under the flat rate scheme.
- Purpose of a new building will affect the VAT liability on builder services.
It is exactly 20 years since I took the plunge and left Customs and Excise to join the ranks of the self-employed. As I reflect on how quickly those years have passed I find myself asking: what have been the biggest changes in the way that I operate as a VAT consultant now compared with 1997?
The answer is simple. First most of my VAT queries from accountants now arrive by email rather than telephone and second...