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11 October 2007
6 July 2007
Reported by Rebecca Cave director of Taxwriter Ltd
SPEAKERS QUOTED:
- John Brown: tax lecturer and VAT adviser
- John Cooper: tax lecturer
- Paul Aplin: tax partner A C Mole & Sons; chairman of the Tax Faculty
VAT registration
John Brown warned advisers to monitor their clients' trading activities with a mind to the requirement to register for VAT. For example a dance teacher was not required to be VAT registered when she taught the pupils personally as this was an exempt supply. However as soon as she took on employees to teach some lessons she was making taxable supplies and was required to register for VAT.
The intention to make taxable supplies should not be overlooked as this allows a person to register for VAT and recover input tax on the project even if the sale...
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