VAT question

[Biggles]

And they said accountancy rodding was impossible.

You'll be telling me next that businesses can be partially exempt and that they can only reclaim their input tax based on a mixture of apportionment of the input tax between that which is directly related to taxable supplies and that which relates to exempt supplies and a residual amount, relating to both, which is then also apportioned, normally as a ratio between the taxable and exempt supplies.

You make that sound really complicated when in fact, it's a piece of pish.

I have to confess to not finding it so very pish when they threw some of that into my tax exam, especially with a bit of foreign exchange thrown in for good measure.

I hates VAT, I do.

[Jon L. Obscene]

Thats such a waste of money ffs

Ok what about the NI thing? cos I ain't paying it twice

Jonno

They're prolly asking for Class 2 NI contributions - which are only due from folk who are self employed. Once they see that you aren't and haven't been self employed for 18 months, they'll cancel the liability.

At least, that's how it works in theory. You'll probably have to phone them up and demand that they look at the form (once you've submitted it), cross reference it to the NI demand you've had and then manually cancel t'bill.

Ah yes, did'nt think of that, class 2 muppet, been a while since I done bookwork
Cheers dude, will give em a buzz 2morrow

Your P60 is a very valueble piece of paper,I'm suprised that a mature responsible adult such as yourself would be unable to lay your hands on it at a moments notice,what sort of attitude is that to teach the younger more immpressionable members of the forum Shame on you

The only thing mature about me is teh cheesey smell from my feet

Jonno

[manker]

Anytime, unless it's Robert the pervy letch - in which case I'll just take teh piss

[JPaul]

I thought you'd like that

Partial Exemption humour, whilst a tad esoteric, is the wasp's nipples.

[JPaul]

You make that sound really complicated when in fact, it's a piece of pish.

I have to confess to not finding it so very pish when they threw some of that into my tax exam, especially with a bit of foreign exchange thrown in for good measure.

I hates VAT, I do.

I liked the hot pie conundrum.

If a baker takes his pies out of the oven at about lunchtime and then sells them, say to school children, whilst they are still hot, what is the VAT liability.

[manker]

I have to confess to not finding it so very pish when they threw some of that into my tax exam, especially with a bit of foreign exchange thrown in for good measure.

I hates VAT, I do.

I liked the hot pie conundrum.

If a baker takes his pies out of the oven at about lunchtime and then sells them, say to school children, whilst they are still hot, what is the VAT liability.

You mentioned that before. I thought you were trying to make children VATable.

Which is an excellent idea. That'll teach those single Mums

[JPaul]

I liked the hot pie conundrum.

If a baker takes his pies out of the oven at about lunchtime and then sells them, say to school children, whilst they are still hot, what is the VAT liability.

You mentioned that before. I thought you were trying to make children VATable.

Which is an excellent idea. That'll teach those single Mums

Well I loike it.

What about the other classic, is a Jaffa Cake a cake or a biscuit and why.

[manker]

You mentioned that before. I thought you were trying to make children VATable.

Which is an excellent idea. That'll teach those single Mums

Well I loike it.

What about the other classic, is a Jaffa Cake a cake or a biscuit and why.

I had no idea so I googled.

Jaffa Cakes have been determined, in a HMC&E ruling, to be cakes and not biscuits, at least for VAT purposes. The judgement was based upon the length of time and the heat at which they are baked, which is not sufficient to harden them to the consistency of a biscuit. This, combined with Jaffa's designation of them as "cakes," results in their being VATable as cakes and not biscuits.

However, I found this one a forum, posted by a person called 'menace' - so it may be pish. Googling > me

[JPaul]

Nice googling.