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Reduced Rate of VAT - Shared screen with speaker view
Dipan
37:26
We run a single self contained holiday cottage and use a national agent to manage bookings and all aspects of guest stays. Our turnover is below £150k and we are not vat registered. The national agent will exceed £150k and charges vat on their services. Will the fee they charge tous be free of vat or not?
Ashley Harrow
43:09
When is the tax point if you use a booking agent
Ashley Harrow
50:37
If you change the tax point from actual to the basic tax point, do you have to do this for all transactions or can you choose each transaction individually
DS
50:55
Re Guest house - Are costs incurred e.g. plumbing repair, laundry to be charged at the reduced rate?
DS
51:37
yes supplies received by the guest house
Peter Scullard
56:10
We use an accountant for finances should he apply for the reduced flat rate
Peter Scullard
56:37
sorry we are in holiday lets
Peter Scullard
57:00
yes we are vat registered
Graham Wason
57:10
If you switch successfully to the flat rate scheme, can you still go back to cancel invoices at 20% VAT and ri-issue at 0% VAT for holidays taken in the VRR period?
Peter Scullard
57:26
ok thanks you
Graham Wason
58:13
0% VAT is youy switch for flat rate scheme
Graham Wason
58:49
OK, thanks
Peter Scott
01:00:26
Thanks