What is VAT and How Does It Work?
This simple overview will help you understand VAT, registration thresholds, different VAT schemes and the impact of Making Tax Digital for UK small business owners.
This simple overview will help you understand VAT, registration thresholds, different VAT schemes and the impact of Making Tax Digital for UK small business owners.
Find out how to pay your VAT to HMRC, the methods available and what happens if you miss the payment deadlines.
As businesses change and evolve they often want to leave the flat rate VAT scheme because they’ve become ineligible or there is another VAT scheme that becomes more suitable. Leaving the flat rate scheme is simple enough to do. This guide walks you through how to deregister from the flat rate scheme, when to leave and how to handle accounting for final VAT returns.
Find out about the VAT margin scheme for used cars including what cars can be included, record-keeping & calculating figures for VAT returns.
Reclaiming all the VAT you are entitled to will reduce your VAT bill or even create a VAT repayment. Keeping the right records is essential to support any claim you make.
Claiming back VAT on expenses can save a business money, but not all can claim VAT back by everyone. In this guide, you’ll understand which businesses can claim back VAT and which expenses are eligible.
Find out whether there is VAT on rent deposits, why rent deposits are charged to tenants and how to enter them in the accounts.
Find out how to file a nil VAT return with HMRC with this step-by-step guide for small business owners.
Find out whether you need to add VAT to a customers late payment charge and what happens if you agree extended payment terms.
The second-hand margin scheme for horses explained, how it’s beneficial for horse dealers and which numbers are needed for VAT returns.