HR EXPERT: SEVERE WEATHER

My client had to close down work for two days last week due to impact of flooding caused by the severe weather. Do they have to pay staff who were scheduled to work on these days?
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VQOTW: QUALIFYING CARS

My client purchased a car for use in her business, which the dealer said was a qualifying car. My client took this to mean that she can recover the VAT but I disagree. Obviously my view has not gone down well with the client, but am I correct?
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VQOTW: PROPERTIES ON HAND AT DEREGISTRATION

One of my clients deregistered recently and has now received a letter from HMRC asking about a property that he bought four years ago for £150,000 and opted to tax. Although there was no VAT chargeable on the purchase, the property was empty at the time and in quite a poor condition as the seller was reluctant to spend money on it, so my client also spent £100,000 doing it up ready to let out. He opted to tax so that he would be able to recover the VAT on this refurbishment, and until deregistering has charged VAT on the rent. What does he need to do? As he has already cancelled his registration is he going to receive a huge assessment? The property is now worth around £300,000.
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THE NUMEROUS QUIRKS AND FOIBLES OF VAT

Are Jaffa Cakes biscuits or, as the name implies, cakes?
This question is one of the most famous examples of the kind of debate that happens frequently in the world of VAT because precise definitions can make the difference between sink or swim for businesses that sell the products under discussion. (more…)

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RESIDENCE AND DOMICILE

For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in the UK needs to report their worldwide income and capital gains on their return. (more…)

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September 2019 Tax Insider

Included in this months issue:

– Treasury to review tapered annual allowance as dispute rumbles on
– Retailers unite in call for business rates solution
– Javid ‘to broaden the apprenticeship levy into a wider skills levy’
– Reverse charge VAT for builders delayed for 12 months

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