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#6928 - 26/09/11 12:27 PM VAT chargeable on Salary Sacrifice...
CT Offline
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Registered: 11/03/05
Posts: 1188
Loc: Bath
... From next January, apparently... Have fun!

http://www.theregister.co.uk/2010/08/19/salary_sacrifice_vat/
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CT

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#6930 - 26/09/11 12:39 PM Re: VAT chargeable on Salary Sacrifice... [Re: CT]
bcooper Offline

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Registered: 11/03/05
Posts: 1112
Loc: Earth, Europe, England, here
Is it me, or is that posting genuinely dated August 2010.
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#6931 - 26/09/11 12:54 PM Re: VAT chargeable on Salary Sacrifice... [Re: CT]
CT Offline
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Registered: 11/03/05
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You are right, the article is indeed from 2010, however the first I heard of it was in my accountant's September 2011 newsletter... I couldn't post a link to that though, so I did a search for other references to the ruling.
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CT

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#6932 - 26/09/11 01:32 PM Re: VAT chargeable on Salary Sacrifice... [Re: CT]
delboy Offline

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Registered: 15/03/05
Posts: 597
Loc: Somewhere in Berkshire
And your point is?

Delboy

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#6934 - 26/09/11 02:28 PM Re: VAT chargeable on Salary Sacrifice... [Re: CT]
CT Offline
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Registered: 11/03/05
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... Merely that some sort of information transfer might need to happen between payroll and payables? Unless it already happens of course, in which case forget I posted this.
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CT

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#6935 - 26/09/11 02:34 PM Re: VAT chargeable on Salary Sacrifice... [Re: CT]
delboy Offline

veteran

Registered: 15/03/05
Posts: 597
Loc: Somewhere in Berkshire
Could just be a reporting requirement. Should be easy enough with a standard element result listing. Unless of course, the client wants the VAT amount recorded in payroll and transferred to GL.

Cheers,

Delboy

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