Category: Value Added Tax

If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify your VAT

Exports from Great Britain or Northern Ireland can be zero-rated for VAT, provided businesses obtain

Waiting to be paid but still having to hand over VAT? The VAT Cash Accounting Scheme potentially lets you

Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is

When considering VAT on entertainment provided solely to directors or partners of a business it is

Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if it is

Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes.

When a

New rules mean late VAT filings and payments now trigger points, fines and interest charges.

The VAT

HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all

VAT relief is available on goods and services for people with long-term illnesses or disabilities.