VAT Registration - Second Hand Goods
Our client was assessed by HMRC's 'Hidden Economy Team'. He had been advised that he would be retrospectively registered for VAT as occasional sales of second hand cars had pushed the turnover of his Garage Services business over the VAT registration threshold.
OMNIS' intervention ensured that HMRC's assessment and penalty were cancelled.
The VAT registatration rules are more complicated where goods or services of differing VAT liabilities are sold.
If you are uncertain whether you need to register for VAT please contact Nick Hunt, our Senior VAT Consultant. |