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| UK Finance (uk.finance) Discussion about Finance issues in the UK. |
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#1
December 30th 10, 07:14 AM
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VAT increase on paid holiday?
I've just finished paying off my Hoiday at Butlins.
I was informed by Butlins that I would still have to pay the VAT increase. Can they do this?? 
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#2
December 30th 10, 09:55 AM
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VAT increase on paid holiday?
"slap dash" wrote in message ... I've just finished paying off my Hoiday at Butlins. I was informed by Butlins that I would still have to pay the VAT increase. Can they do this?? They can if it's right. But whether it is right will depend upon the date of supply/invoice/payment and you haven't told us what the first two are. tim
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#3
December 30th 10, 12:46 PM
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VAT increase on paid holiday?
In article , tim....
writes "slap dash" wrote in message ... I've just finished paying off my Hoiday at Butlins. I was informed by Butlins that I would still have to pay the VAT increase. Can they do this?? They can if it's right. But whether it is right will depend upon the date of supply/invoice/payment and you haven't told us what the first two are. Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." -- fred FIVE TV's superbright logo - not the DOG's, it's ********
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#4
December 30th 10, 02:22 PM
posted to uk.finance
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VAT increase on paid holiday?
"fred" wrote in message ... In article , tim.... writes "slap dash" wrote in message ... I've just finished paying off my Hoiday at Butlins. I was informed by Butlins that I would still have to pay the VAT increase. Can they do this?? They can if it's right. But whether it is right will depend upon the date of supply/invoice/payment and you haven't told us what the first two are. Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." Oops. For some reason I thought that he was referring to a holiday that he had already taken and the VAT increase that he was referring to was the "rise" from 15 to 17.5%. Of course, you don't pay for holidays like that :-( Silly me! tim
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#5
December 30th 10, 10:39 PM
posted to uk.finance
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VAT increase on paid holiday?
In article , tim....
writes "fred" wrote in message ... Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." Oops. Nice to return the favour once in a while, it's usually you keeping me right on employment law and contributions ;-) -- fred FIVE TV's superbright logo - not the DOG's, it's ********
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#6
December 31st 10, 06:09 PM
posted to uk.finance
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VAT increase on paid holiday?
On 30/12/2010 22:39, fred wrote:
In article , tim.... writes "fred" wrote in message ... Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." Oops. Nice to return the favour once in a while, it's usually you keeping me right on employment law and contributions ;-) Just for info - VAT on holidays is covered by the Tour Operators Margin Scheme. See section 4.14 (time-of-supply) he http://tinyurl.com/36elyr7 -- Reentrant
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#7
December 31st 10, 07:03 PM
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VAT increase on paid holiday?
"Reentrant" wrote in message ... On 30/12/2010 22:39, fred wrote: In article , tim.... writes "fred" wrote in message ... Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." Oops. Nice to return the favour once in a while, it's usually you keeping me right on employment law and contributions ;-) Just for info - VAT on holidays is covered by the Tour Operators Margin Scheme. See section 4.14 (time-of-supply) he http://tinyurl.com/36elyr7 Except that it won't apply in this case because the "accommodation" is not being "re-sold", it is being directly sold by the company that "owns" it. tim
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#8
January 3rd 11, 07:51 PM
posted to uk.finance
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VAT increase on paid holiday?
In article , Reentrant
writes On 30/12/2010 22:39, fred wrote: In article , tim.... writes "fred" wrote in message ... Time of payment is time of supply so they are at it: http://www.hmrc.gov.uk/vat/managing/...tax-points.htm As payment has been made it seems that these cover it (with or w/o vat invoice): "For transactions where a VAT invoice is issued and payment is received in advance, the time of supply is the date the payment is received or the date the invoice is issued - whichever is the earlier." "If the supplier receives full payment before the date when the supply takes place and no VAT invoice has yet been issued, the time of supply is the date the payment is received." Oops. Nice to return the favour once in a while, it's usually you keeping me right on employment law and contributions ;-) Just for info - VAT on holidays is covered by the Tour Operators Margin Scheme. See section 4.14 (time-of-supply) he http://tinyurl.com/36elyr7 I see it offers 2 methods of deciding the tax point, number one of which is completely overridden by Section 4.15 which states without qualification that the date of large (or complete) payments define the tax point(s). -- fred FIVE TV's superbright logo - not the DOG's, it's ********
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#10
November 24th 11, 11:32 AM
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You have to not Pay your vat for holiday .i think there will be no vat charge apply for holiday
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