Changes announced in the Autumn Budget have removed the use of a niche VAT scheme known as the Tour Operators Margin
VAT Flat Rate Scheme – what is a limited cost trader?
The VAT Flat Rate Scheme is designed to simplify the way a business accounts for VAT and, in doing so, reduce the
Your responsibilities if registered for VAT
It is important to understand both when VAT registration is required and the ongoing obligations that follow. The VAT
VAT recovery on car leasing
The VAT treatment of car leasing is an important consideration for businesses that incurs VAT on these costs. In
Reclaiming VAT on a self-build home project
Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building or converting your
When not to charge VAT
When issuing invoices, it is important to apply the correct VAT treatment. In some cases, that means not charging VAT at
Which supplies are zero rated for VAT?
Understanding which supplies are zero rated for VAT is essential for any business. A zero-rated supply is still a
Do you charge VAT when you sell a company car?
The question of whether or not you are required to charge VAT when selling a company car depends on how the vehicle was
Check a UK VAT number is authentic
Verifying a VAT number before reclaiming VAT can protect your business from rejected claims, repayments, and unnecessary
VAT Annual Accounting – filing your return
For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and replace quarterly