Podcast Episodes
A summary of each podcast episode is shown below. You can download the episodes where you usually obtain your podcasts including: Apple Podcasts, Amazon music, Spotify, Google podcasts, Podcast addict, Podchaser, PlayerFM or play from the link below. The podcasts provide tax CPD for accountants based in the UK
VAT registrations and de-registrations
Contact Simone Hurst
VAT registration, de-registration and disaggregation
VAT registrations and de-registrations are seemingly straight-forward areas but there are many issues that can cause problems in practice or when running a business.
This episode explores the main problem areas and points to watch in this easily overlooked area.
The guest for 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.
Chapter headings and timings
3:08 Introduction
3:55 VAT registrations the basics
4:23 The backward test and the forward-looking test
5:09 Expectation the trader will exceed the limit
6:08 Time limit to register with HMRC
6:50 The online VAT registration process
8:54 What to include in calculating if a trader has exceeded the limit
11:29 Disbursements and VAT registrations
13:46 Registration and importing
14:56 Example of overseas trader needing to register
16:46 13th directive claim
17:58 Reverse charge - buying services from overseas
18:54 Example of reverse charge creating need for registration
19:57 Nudge style letters
20:38 One off sale causing limit to be exceeded
22:48 Registration date
23:18 Intending trader
26:19 Group registrations
29:27 Security on registration
31:34 De-registration
32:27 De-registration date
33:43 Property and de-registration
34:21 Stock and assets on hand
36:41 Option to tax and de-registration
37:53 Disaggregation
38:43 Disaggregation example
39:33 Current or future date not retrospection
43:50 Direction from HMRC
44:44 HMRC internal manuals
45:40 Special agreements with HMRC and disaggregation
46:49 How to contact Simone Hurst at VATease
