PPRuNe Forums - Search Results

Search: Posts Made By: Mistwood

Showing results 1 to 12 of 12
Search took 0.00 seconds.

Forum: Biz Jets, Ag Flying, GA etc.

6th Nov 2013, 12:55

Replies: 3

Vat on us imports

Views: 1,446

Posted By Mistwood

Well - you don't give us much to go on! What is...

Well - you don't give us much to go on! What is the aircraft type? If the aircraft was officially imported into the EU VAT may have been paid or it may not. It depends on whether or not it was a...

Forum: Biz Jets, Ag Flying, GA etc.

14th Oct 2011, 16:19

Replies: 4

Freelance pilot services - VAT

Views: 5,462

Posted By Mistwood

I have always thought that a pilot's services...

I have always thought that a pilot's services were standard rated too (if he/she is VAT registered). However, I have recently had first hand experience of HMRC saying that the pilot's services fall...

Forum: Biz Jets, Ag Flying, GA etc.

14th Oct 2011, 15:27

Replies: 4

Freelance pilot services - VAT

Views: 5,462

Posted By Mistwood

Strictly speaking, a qualifying aircraft is one...

Strictly speaking, a qualifying aircraft is one which is used by an airline operating for reward chiefly on international routes. HMRC have said in their Public Notice 744C that a non-AOC operator is...

Forum: Biz Jets, Ag Flying, GA etc.

14th Oct 2011, 14:00

Replies: 4

Freelance pilot services - VAT

Views: 5,462

Posted By Mistwood

Freelance pilot services - VAT

As a PPL, this does not affect me personally. However, professional pilots operating on a freelance basis need to understand the VAT rules.

HMRC consider that the supply of crew is to be...

Forum: Biz Jets, Ag Flying, GA etc.

14th Oct 2011, 13:40

Replies: 10

VAT Chaos looms for AOC holders

Views: 3,136

Posted By Mistwood

Chaos and VAT

I think Chaos summed it up nicely.

I agree that if you are 'in business' then your VAT position ought to be neutral (indeed, the EU VAT system is predicated on the principle that it is a tax to...

Forum: Biz Jets, Ag Flying, GA etc.

7th Oct 2011, 13:53

Replies: 10

VAT Chaos looms for AOC holders

Views: 3,136

Posted By Mistwood

VAT Chaos looms for AOC holders

It had been thought that, following the change of VAT law in the UK in relation to the supply of aircraft, that AOC holders would be regarded as 'airlines'. However, it now seems that HMRC in the UK...

Forum: Biz Jets, Ag Flying, GA etc.

3rd Sep 2011, 07:51

Replies: 22

Avoiding VAT on aircraft imported to EU

Views: 9,296

Posted By Mistwood

Reclaiming VAT

In time honoured tradition, it seems that what people don't know about VAT, they make up. To be able to reclaim VAT, there has to be an "economic activity". This is a European term which, in UK law...

Forum: Biz Jets, Ag Flying, GA etc.

28th Oct 2010, 12:17

Replies: 13

Changes to vat laws-zero rated

Views: 3,859

Posted By Mistwood

The new VAT rules

It seems that with only weeks to go before the new VAT rules come in, nobody has woken up yet to the fact that with effect from 4 Jan 2011, the VAT rate on Biz Jets will be 20%

The Isle of Man's...

Forum: Biz Jets, Ag Flying, GA etc.

4th Sep 2009, 12:18

Replies: 10

VAT rules to change for UK

Views: 3,415

Posted By Mistwood

VAT CHanges

Meeting happened 24 August at HMRC in Whitehall. UK to accept EU's ruling that UK law must change.

Much debate was had as to what the definition of 'airline' should be.

HMRC to consult...

Forum: Biz Jets, Ag Flying, GA etc.

17th Aug 2009, 07:47

Replies: 10

VAT rules to change for UK

Views: 3,415

Posted By Mistwood

HMRC Meeting

HMRC have called a consultation meeting for interested parties on 24 August (typical, this is one day before the deadline imposed by the EC).

I am attending, so will post when I know more. If...

Forum: Biz Jets, Ag Flying, GA etc.

16th Jul 2009, 06:45

Replies: 10

VAT rules to change for UK

Views: 3,415

Posted By Mistwood

If only it were that easy

You are right, most biz jets are owned by companies. However, many of the companies are owned by wealthy individuals who use the aircraft for private purposes. In such circumstances, there is a...

Forum: Biz Jets, Ag Flying, GA etc.

15th Jul 2009, 16:13

Replies: 10

VAT rules to change for UK

Views: 3,415

Posted By Mistwood

VAT rules to change for UK

You might be interested to know (then again you might not), that the EU Commission has orederd the UK to change the law on VAT relating to aircraft.

Aircraft over 8000kg,s have, up to now been...

Showing results 1 to 12 of 12