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VAT Basics

VAT on Exports to Non EU Countries

VAT is a tax on goods used in the EU, so if goods are exported outside the EU, VAT is not charged.

Vat on Exports to EU Countries

If you sell goods to someone in the EU, you may need to charge them VAT depending on their circumstances.

What is the VAT Reverse Charge?

The VAT Reverse Charge simplifies the VAT process where services are supplied between the UK and other EU countries.  The reverse charge rules generally...

What is a VAT Surcharge?

What is a VAT Surcharge? A VAT Surcharge is a type of penalty levied by HMRC under two circumstances: When a business does not submit...

Accounting Entries for VAT Surcharges

VAT surcharges need to be accounted for as a cost in the profit & loss account (although any VAT surcharges you pay would be...

VAT on Mileage Claims & Example

If a business is VAT registered then they can claim back VAT on mileage claims made since, generally speaking, you usually pay VAT at...

HMRC Advisory Fuel Rates 2017

The HMRC Advisory Fuels Rates are the amounts set out by HMRC that you need when: reimbursing employees for business travel in their company...

Can I Claim VAT on Petrol?

Yes, you can claim VAT on petrol.  However there are different methods of claiming back VAT on petrol, depending on your business circumstances and...

How to Record the Fuel Scale Charge in Xero

One way to record the fuel scale charge in Xero is to use a manual journal. Here is an example of a vehicle which falls...

HMRC VAT Fuel Scale Charges

The HMRC VAT Fuel Scale Charge is a VAT adjustment a business needs to make if they claim back VAT on fuel they provide their...