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28 April 2015
Steer your clients in the right direction
- The new EU VAT legislation on digital services has been in place since the beginning of the year. Are your clients up to speed on this; for example have they registered under the VAT mini one stop shop?
- The decision in Sherratt t/a The Beeches is a useful reminder that HMRC can backdate a late VAT registration 20 years. Checking whether a client should be VAT-registered should be done regularly to avoid unexpected bills.
- When submitting clearance applications for commercial transactions make sure there is evidence to support the proposal and consider estimating the tax liabilities under any alternative structures in case of a challenge from HMRC.
- When declaring income that is received from the ownership...
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