Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is
Exception from VAT registration
Category: Value Added Tax
VAT – Entertainment provided to directors and partners of a business
When considering VAT on entertainment provided solely to directors or partners of a business it is
Unauthorised issue of a VAT invoice
Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if it is
When you cannot charge VAT
Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes.
When a
VAT late filing penalties
New rules mean late VAT filings and payments now trigger points, fines and interest charges.
The VAT
VAT – digital record keeping
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all
VAT relief for the disabled
VAT relief is available on goods and services for people with long-term illnesses or disabilities.
Using the VAT Cash Accounting Scheme
Struggling with late-paying customers? The VAT Cash Accounting Scheme helps protect cash flow by taxing
VAT Annual Accounting
Streamline your VAT reporting with fewer returns and smoother cash flow. The Annual Accounting Scheme
VAT – advantages of the VAT Flat Rate Scheme
Small business? The VAT Flat Rate Scheme could cut paperwork and improve cash flow. Pay VAT as a set