Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to eyeball08,Wondergirly,bofh,johnstevens77,Bhoddhisatva, for Donating to support the site

Is Tax Expert Advice / Consultancy VATable please?

Practical Issues
Investor
Posts: 31
Joined: October 21st, 2017, 9:56 pm
Has thanked: 24 times
Been thanked: 4 times

Is Tax Expert Advice / Consultancy VATable please?

#137954

Postby Investor » May 9th, 2018, 11:32 pm

I spoke to a tax expert at an established UK financial / taxation consultancy and he stated categorically that the tax advice / consultancy he provides will not be subject to VAT. I hadn't heard of that before.

However, another tax expert has just told me he would add VAT on his tax consultancy charges.

I've tried Googling it, but not been able to find any information.

Could somebody enlighted me please?

Thanks a lot.

Wmnr
Posts: 42
Joined: November 6th, 2016, 8:36 am
Been thanked: 9 times

Re: Is Tax Expert Advice / Consultancy VATable please?

#137976

Postby Wmnr » May 10th, 2018, 7:21 am

Perhaps one company is vat registered and the other one isn't.

helfordpirate
2 Lemon pips
Posts: 112
Joined: November 7th, 2016, 12:03 pm
Been thanked: 37 times

Re: Is Tax Expert Advice / Consultancy VATable please?

#138391

Postby helfordpirate » May 11th, 2018, 4:38 pm

Is this related to consultancy services to you as an individual or you as a partnership/sole trader/small company?

AFAIK VAT is always charged on accountancy services (assuming the supplier is VAT registered) but there is a question as to whether the VAT can be recovered as input tax in the case where it relates to a VAT registered business - broadly it can provided it is predominantly related to the business and any personal aspect e.g. preparation of a partners tax return, are "small" amounts.


Return to “Taxes (Practical)”

Who is online

Users browsing this forum: No registered users and 20 guests