VAT registrations not as easy as it looks

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1y ago 47:47

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VAT registrations and de-registrations are seemingly straight-forward areas but there are many issues that can cause problems in practice or running a business.

This episode explores the main problem areas and points to watch in this easily overlooked area.
Essential listening for all the team including those preparing accounts and VAT returns

The guest on this episode is Simone Hurst of VATease Limited. Simone used to work for HMRC and is now a leading VAT consultant and trainer. You can contact Simone for consultancy at www.vatease.co.uk or via email at simone@vatease.co.uk.

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

Bab

1. VAT registrations not as easy as it looks (00:00:00)

2. Introduction (00:03:08)

3. VAT registrations the basics (00:03:55)

4. The backward test and the forward looking test (00:04:23)

5. Expectation the trader will exceed the limit (00:05:09)

6. Time limit to register with HMRC (00:06:08)

7. The online VAT registration process (00:06:50)

8. What to include in calculating if a trader has exceeded the limit (00:08:54)

9. Disbursements and VAT registrations (00:11:29)

10. Registration and importing (00:13:46)

11. Example of overseas trader needing to register (00:14:56)

12. 13th directive claim (00:16:46)

13. Reverse charge - buying services from overseas (00:17:58)

14. Example of reverse charge creating need for registration (00:18:54)

15. Nudge style letters (00:19:57)

16. One off sale causing limit to be exceeded (00:20:38)

17. Registration date (00:22:48)

18. Intending trader (00:23:18)

19. Group registrations (00:26:19)

20. Security on registration (00:29:27)

21. De-registration (00:31:34)

22. De-registration date (00:32:27)

23. Property and de-registration (00:33:43)

24. Stock and assets on hand (00:34:21)

25. Option to tax and de-registration (00:36:41)

26. Disaggregation (00:37:53)

27. Disaggregation example (00:38:43)

28. Current or future date not retrospection (00:39:33)

29. Direction from HMRC (00:43:50)

30. HMRC internal manuals (00:44:44)

31. Special agreements with HMRC and disaggregation (00:45:40)

32. How to contact Simone Hurst at VATease (00:46:49)

25 episod

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