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VAT recovery on cars

VAT Recovery on Cars

Could Coca-Cola allow for VAT recovery on cars? The First-Tier case of Noel Payne, Christopher Garbett and Coca-Cola European Partners GB Ltd (TC06082) has been raised by clients when enquiring about VAT recovery on cars and vans. While it’s slightly unusual to discuss the decision made in an Income Tax Tribunal, the issue in this case was whether the three, very specific, types of van provided by Coca-Cola to their…

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dpb licence

DPB Licence – important changes

Does your practice operate under a DPB licence? There are some important changes around the corner for practices that operate a Tax Fee Protection Insurance scheme under a DPB licence. In this respect the ICAEW have just issued DPB update 11, which can be viewed by clicking here – The changes come into effect on the 1st Oct 2018 and have been prompted by the Insurance Distribution Directive, which aims…

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IR35 Enquiry

Second IR35 enquiry successfully defended for Jensal Software Ltd Confirmation has been received that the IR35 tribunal case Qdos Contractor defended last October had at last concluded with a successful outcome for the contractor. This was not the first time that Jensal Software Ltd (JSL) had been subject to an IR35 enquiry – Qdos had already been called upon to defend an IR35 enquiry for JSL in 2003. Having successfully defended the…

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P11D deadline at HMRC

Do you know your P11D deadline?

P11D deadline – due at HMRC by 6 July 2018 The P11D deadline for the year ended 5th April 2018 is 6th July 2018, when P11Ds should be received by HMRC, together with P11D(b)s in respect of Class 1A National Insurance that is owed.   The employees should be given a copy of the information at the same time.  Payment of the Class 1A National Insurance should reach HMRC by…

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Qdos Vantage – Keeping your data safe

In order to ensure that Qdos Vantage is GDPR ready we have employed an external consultant to undertake a review of all our data handling processes and procedures.  The review has considered in detail our ‘customer journey’ mapping out the when data is collected, how it is processed, who has access to it and for how long it is held.  The conclusion of the review was that our existing data…

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Payments in lieu of notice

Payments In Lieu of Notice – a taxable PENP

Payments in Lieu of Notice to employees will alter From the start of 6th April 2018, the tax treatment of Payments in Lieu of Notice (PILON) to employees will alter due to Finance (No 2) Act 2007 which received Royal Assent on 16 November 2017. Clause 5 of the Act inserts the new sections 402A to 402E into Chapter 3 of Part 6 (Payments and Benefits on Termination of Employment etc)…

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vat

Oil and gas contractor clients VAT repayment

Your contractor clients may be due a significant refund of VAT if in the past 4 years they have: Contracted in the oil & gas sector Registered and paid Flat Rate VAT (FRV) at 14.5% This is based on the decisions made in the Tribunals of Idess Ltd and SL Subsea Engineering Ltd. As a consequence of these decisions we are satisfied that those businesses whose supplies are also of…

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Qdos Vantage – Financially strong and committed to the long term . . . .

We are aware of statements made by some of our competitors with regards to the financial standing of Qdos Vantage that are both factually incorrect and intended to be damaging to our business.  We are also aware that it has been falsely communicated to clients that Qdos Vantage is up for sale or in the process of being sold.  This is obviously disappointing and a matter that has been referred…

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Your Fee Protection Insurance provider can’t offer terms?

Our insurer is Tokio Marine HCC one of the world’s largest insurers who have a market capital of $31 billion and are rated AA- (very strong) by Standard & Poor’s. If your existing provider can’t offer terms, don’t worry as we can: Provide you with competitive renewal terms. Provide ‘rescue packages’, including insuring pro rata periods (between now and your scheme renewal), new additions to your scheme, or premiums collected…

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hot air

Not Just Hot Air – We’re Going Places

Why not join the hundreds of accountants who chose Qdos Vantage as their Fee Protection Insurance provider last year? 2017 proved to be another successful year for Qdos Vantage with hundreds of accountants choosing us as their Tax Fee Protection Insurance provider. 78% of new Vantage clients chose to switch to us from another provider, which is a great testimonial of our innovative style and market leading policy. More specifically,…

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0116 274 9123

info@qdosvantage.com