When you can claim back VAT on purchase of a car20190814040000

When you can claim back VAT on purchase of a car

August 14, 2019
There are complex VAT rules that determine the amount of VAT that can be recovered when purchasing a new car. The usual rule is that when you purchase...
VAT and insurance claims20190814040000

VAT and insurance claims

August 14, 2019
Insurance transactions are generally VAT exempt. However, there are many issues that can arise concerning the VAT liability of certain insurance trans...
VAT for business if there’s a no-deal exit from the EU20190730040000

VAT for business if there’s a no-deal exit from the EU

July 30, 2019
With the new Prime Minister, Boris Johnson appearing to take an increasingly hard-line, the chances of Britain leaving the EU without any working agre...
VAT accounting after prices are changed20190730040000

VAT accounting after prices are changed

July 30, 2019
New rules that make changes to the issuing of credit notes under certain circumstances will come into effect from 1 September 2019. The changes have b...
Reminder to sign up for Making Tax Digital before August20190717040000

Reminder to sign up for Making Tax Digital before August

July 17, 2019
VAT registered businesses with a turnover above the VAT threshold, need to be ready to keep digital records for VAT purposes using Making Tax Digital ...
When you can’t reclaim VAT20190710040000

When you can’t reclaim VAT

July 10, 2019
For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider where the...
VAT default surcharge appeal dismissed20190701040000

VAT default surcharge appeal dismissed

July 1, 2019
HMRC imposes a VAT default surcharge on businesses that submit late VAT returns. VAT registered businesses are required by law to submit their return ...
VAT and disaggregation20190618230000

VAT and disaggregation

June 18, 2019
The artificial separation of businesses is where two or more businesses are split, and each 'separate' entity operates below the VAT registrat...
VAT reverse charge construction industry20190611230000

VAT reverse charge construction industry

June 11, 2019
A change to the VAT rules first announced at Budget 2018, will come into effect from 1 October 2019. This change will make the supply of construction ...
What records must a VAT trader keep?20190604230000

What records must a VAT trader keep?

June 4, 2019
There are distinct rules that VAT registered businesses must follow when keeping VAT records. This includes keeping proper business and accounting rec...
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