Paul Jefferson (Ramsey)

Paul qualified in 2009, having graduated from Loughborough University, and he joined Whitings in 2015. He manages a general practice portfolio across the St Ives and Ramsey offices, whilst also being involved in the firm's VAT group. He enjoys assisting businesses and individuals with their full accounting and tax requirements. Outside of work Paul has a strong interest in sport, particularly cricket, and is Chairman of Godmanchester Town Cricket Club, as well as being Treasurer of the Cambridgeshire and Huntingdonshire Premier Cricket League.
 
My Latest Blogs
 
Paul Jefferson
30th May 2017 VAT – Bad debt relief – An important administrative VAT point

Several years ago changes were made to the H M Revenue & Customs policy regarding recovery of output VAT paid over but which hadn’t been received within 6 months of the due date.  Relief for the output VAT can now be obtained much more easily than under the historic process whereby notification was required to…

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Paul Jefferson
1st February 2017 VAT on Self-Builds

DIY Builder VAT Reclaims:  Get the detail right. A recent tax tribunal case highlighted the point of completion of a new build project in relation to DIY builder VAT claims. It noted that it is not necessarily the date on the Certificate of Completion which represents a building project as being finished. The Certificate can…

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Paul Jefferson
29th September 2016 VAT Recovery

VAT on Motor Car Purchase: When is recovery of blocked VAT unblocked? A recent tax tribunal case has brought some good news for businesses purchasing cars for business use and provided some clarification to the restrictions and requirements to qualify. Historically it has proven difficult to satisfy HMRC of their intention to not make motor cars…

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Paul Jefferson
7th September 2016 VAT Records

Reclaiming Input VAT: Keep proper VAT invoices. A recent Upper Tier tribunal case has reiterated the importance of obtaining and maintaining VAT invoices to support your business transactions. You must keep VAT records for at least 6 years (or 10 years if you use the VAT MOSS service). In the case of Zipvit Ltd Vs…

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Paul Jefferson
16th June 2016 Flat Rate Sector

Contractors: Don’t pay too much flat rate VAT. Just three weeks ago it was reported that the VAT flat rate scheme guidance was flawed. The ATT had highlighted that HMRC’s practice was costing traders, as they were forced to pay more VAT to HMRC under the flat rate scheme than the law required. HMRC has…

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Paul Jefferson
3rd July 2015 VAT Tribunal

Charities VAT: investment management fees are now reclaimable. A tribunal finding in favour of Cambridge University Endowment Fund could lead to financial benefit for a host of charities who have previously been unable to reclaim input VAT on ‘non-business’ investment fund fees. The Cambridge University Endowment Fund argued that it could reclaim some of the VAT…

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