VAT changes for CIS Sub-contractors delayed
The VAT rule changes for building contractors and sub-contractors that were expected to come into effect imminently, have been delayed for 12 months...
10 Sep
Value Added Tax
Category Archives: Value Added Tax
28 Aug
Value Added Tax
Deregistering for VAT
A compulsory VAT deregistration is usually required if you: Stop making taxable supplies Sell your business Change legal status Disband a VAT group Join a VAT group Join the...
Value Added Tax
VAT changes for CIS Sub-contractors
Important changes to the VAT rules for building contractors and sub-contractors are coming into effect from 1 October 2019. In a nut-shell, if...
14 Aug
Value Added Tax
When you can claim back VAT on purchase of a car
There are complex VAT rules that determine the amount of VAT that can be recovered when purchasing a new car. The usual rule...
14 Aug
Value Added Tax
VAT and insurance claims
Insurance transactions are generally VAT exempt. However, there are many issues that can arise concerning the VAT liability of certain insurance transactions. One...
30 Jul
Value Added Tax
VAT for business if there’s a no-deal exit from the EU
With the new Prime Minister, Boris Johnson appearing to take an increasingly hard-line, the chances of Britain leaving the EU without any working...
30 Jul
Value Added Tax
VAT accounting after prices are changed
New rules that make changes to the issuing of credit notes under certain circumstances will come into effect from 1 September 2019. The...
17 Jul
Value Added Tax
Reminder to sign up for Making Tax Digital before August
VAT registered businesses with a turnover above the VAT threshold, need to be ready to keep digital records for VAT purposes using Making...
10 Jul
Value Added Tax
When you can’t reclaim VAT
For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider...
01 Jul
Value Added Tax
VAT default surcharge appeal dismissed
HMRC imposes a VAT default surcharge on businesses that submit late VAT returns. VAT registered businesses are required by law to submit their...