VAT

NEIL WARREN considers VAT implications of changes in the use of commercial property that could affect retailers and property landlords in coming years

Warning follows Littlewoods (C-591/10)

A and M Wright (TC1523)

Anycom Ltd (TC1496)

A self-employed worker earns £71,000 pa, but also has earnings as an employee that HMRC have agreed should be included in his self-employed accounts

No zero rating if alterations made after supply to wheelchair user

GlaxoSmithKline Services Unlimited v CRC, Upper Tribunal (Tax and Chancery Chamber)

Must be designed as a dwelling

A self-employed drummer is concerned his turnover may exceed the VAT registration limit and he is considering operating as a sole trader and limited company

NEIL WARREN considers practical solutions to help Santa Claus with his new business activity

A director of a one-man IT company has been trading for many years, but the current single contract is to end soon. The company has large cash reserves and the director is considering the purchase of a yacht. He is thinking about winding up the company and buying it personally, but is concerned about entrepreneurs’ relief

A builder had a large contract to provide building services constructing a new bungalow on land owned by a farmer. He zero-rated his building services because he was building a new dwelling from bare land, but HMRC are charging VAT on the basis the bungalow cannot be sold separately