#1. What is the Tax Point date of a Credit Note?

Date of issue

Original VAT invoice tax point date

There is no tax point date for a credit note

#2. You've taken a debit card payment from a client for money on account of search fees. The card used is for a personal bank account. A partner of your firm would like to recharge the costs incurred in taking the card payment on to the client.

Is it permissible to pass the costs of taking the card payment on to the client?

Yes

No

#3. You are acting for a business client whose place of belonging is the British Virgin Islands. The client’s claim is for negligence against the client’s previous solicitors in having wrongly drafted the terms of a claim for a Collective Enfranchisement of a UK residential property.

When issuing a bill to the client, what VAT rate do you apply to your supply?

Zero Rated

Reduced Rated (5%)

Standard Rated (20%)

Exempt

Outside the Scope of UK VAT

Outside the Scope of VAT

#4. A bill of costs must be signed by a partner/director or member?

True

False

#5. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

True

False

#6. A fee earner has issued a VAT invoice to a client and sent it via email. They have also sent a physical copy in the post.

Is this permissible?

Yes

No

#7. You’re acting for the executors in dealing with the administration of a deceased person’s estate. The deceased was a British National and resided in the UK. However the executors and those you are corresponding with are based in Canada. There is UK property involved and it forms a significant portion of the estate along with UK based bank accounts.

When issuing the bill to the executors, is supply subject to standard rated VAT?

Yes

No

#8. The Sales Ledger Control Account (Debtors) is:

A liability

An asset

An expense

#9. Your firm operates under the VAT Cash Accounting Scheme. Which of the following are excluded from the scheme and must be accounted for under the VAT Standard Accounting Scheme?

Select all that apply:

Where you issue a VAT invoice and payment of that invoice is not due in full within 6 months of the date it was issued

Supplies of services where you issue a VAT invoice in advance of the service being provided

#10. A 'Statement of Costs On Account' bill is:

A series of solicitors’ bills which are initially treated as requests for payments on account, but which collectively become a single statute bill upon delivery of a final bill

Solicitors’ bills that do not comply with the requirements of section 69 of the Solicitors Act 1974 constitute statements on account of costs or demands for payments on account of costs

Final statute bills or interim statute bills for the period which they cover or in respect of the engagement itself

An invoice which states only the amount of the total charge and does not provide a detailed breakdown of the work which it covers

On Demand – Billing within Law Firms

Billing within Law Firms

Who is this training for?

Purpose of this training?

Time of Supply

Sales/Fees

Third Party Payers

Administrative Aspects

VAT Returns

Results

#1. What is the Tax Point date of a Credit Note?

#4. A bill of costs must be signed by a partner/director or member?

#5. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

#6. A fee earner has issued a VAT invoice to a client and sent it via email. They have also sent a physical copy in the post.

Is this permissible?

#8. The Sales Ledger Control Account (Debtors) is:

#9. Your firm operates under the VAT Cash Accounting Scheme. Which of the following are excluded from the scheme and must be accounted for under the VAT Standard Accounting Scheme?

#10. A 'Statement of Costs On Account' bill is:

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On Demand – Billing within Law Firms

Billing within Law Firms

Who is this training for?

Purpose of this training?

Time of Supply

Sales/Fees

Third Party Payers

Administrative Aspects

VAT Returns

Results

#1. What is the Tax Point date of a Credit Note?

#4. A bill of costs must be signed by a partner/director or member?

#5. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

#6. A fee earner has issued a VAT invoice to a client and sent it via email. They have also sent a physical copy in the post.Is this permissible?

#8. The Sales Ledger Control Account (Debtors) is:

#9. Your firm operates under the VAT Cash Accounting Scheme. Which of the following are excluded from the scheme and must be accounted for under the VAT Standard Accounting Scheme?

#10. A 'Statement of Costs On Account' bill is:

Further Information

Frequently Asked Questions

Online – the Cons

Recent Compli-Forum Topics

Recent Blogs

#6. A fee earner has issued a VAT invoice to a client and sent it via email. They have also sent a physical copy in the post.

Is this permissible?