Town and Parish Councils VAT Guide

Häftad, Engelska, 2024

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Beskrivning

This Town and Parish Council VAT Guide is an easy reference guide for those engaged in administering the financial affairs of town and parish councils in England and community councils in Wales. It focuses on the typical range of activities that these local authorities will have. It will be of use to town and parish clerks or treasurers and those responsible for the book-keeping of these organisations, as well as those responsible for auditing such bodies. The authors give the reader the basic concepts of the tax and a degree of familiarity with the common technical terms used by H M Revenue and Customs (HMRC) in its own guidance. The most common terms are set out in the glossary. The 2nd edition has been updated to incorporate changes as a result of the Finance (No. 2) Act 2024

Produktinformation

Utgivningsdatum:2024-07-31
Mått:148 x 210 x undefined mm
Vikt:118 g
Format:Häftad
Språk:Engelska
Serie:VAT Guides
Antal sidor:79
Upplaga:2
Förlag:Spiramus Press
ISBN:9781913507671

Utforska kategorier

Mervärdesskatt och tullavgifter inom Juridik
Polisrätt och vapenlagar inom Juridik
Skatter och avgifter: Juridik inom Juridik

Mer om författaren

Richard Strevens is Principal Indirect Taxes Consultant at PS Tax. His career in VAT began at East Hertfordshire Direct Council before he took up a dedicated VAT manager role at London Borough of Barnet in 1998. He has acted as chair of the North London Boroughs VAT Group and has represented London authorities on the National Local Authority VAT Consultative Group.

Innehållsförteckning

Town and Parish Councils VAT GuideTable of contents1. What and who is this book for?2. An overview of VAT2.1. HMRC Guidance3. Basic philosophy and mechanics of VAT3.1. The mechanics of VAT3.2. VAT Returns3.3. Making Tax Digital3.4. Supplies of Goods or Services3.5. VAT Reliefs3.6. VAT recovery3.7. Obligation to provide an invoice3.8. Correcting Errors3.9. Tax Points3.10. Trading outside the UK – Reverse Charge4. VAT for Local Authorities4.1. Overview4.2. Definition of local authority4.3. VAT registration4.4. Recovery of VAT by local authorities (including unregistered bodies)4.5. Business or Non-Business?4.6. Recovering VAT on exempt business activities, including partial exemption5. Specific Activities5.1. Advertising5.2. Allotments5.3. Cemeteries5.4. Community Projects5.5. Crèches and Playgroups5.6. Crematoria5.7. Council as Trustee5.8. District Council Delegated Functions5.9. Elections5.10. Fundraising events5.11. Garage Rental5.12. Grants and Donations5.13. Land, Property and Building Works (including the option to tax)5.14. Markets5.15. Parking facilities5.16. Planning and Licensing5.17. Publications5.18. Public Toilets5.19. Recreational (and Sports) Facilities5.20. Room hire5.21. Section 106 Funding5.22. Shared Services and Partnerships5.23. Sponsorship5.24. Storage facilities5.25. Supplies of staff5.26. Youth Clubs6. Glossary of Terms7. List of Useful HMRC Publications8. WORKED EXAMPLES8.1. Registration issues8.2. VAT Returns8.3. Partial Exemption9. Relevant Legislation9.1. Principal VAT Directive9.2. VAT Act 19949.3. Value Added Tax Regulations (SI 1995/2518)