VAT

VAT Global Accounting Scheme: Record Keeping & Invoices

If you have chosen to use the VAT Global Accounting Scheme then you need to make yourself aware of the VAT records and invoice...

VAT Global Accounting Scheme: An Overview

Under the VAT Global Accounting Scheme the amount of VAT you pay is 1/6th of the difference between the amount of items you sell...

VAT Second Hand Margin Scheme: Filling Out Your VAT Return

The VAT Second Hand Margin scheme carries with it specials rules when calculate the right numbers you need to include when filling out your...

Let’s Paws for a Moment & Find out How Puppies Became...

You just need to check my instagram to see just how much I love puppies.  So as you can imagine the case of Little...

VAT Second Hand Margin Scheme: Record Keeping & Bookkeeping

If you choose to use the VAT Margin Scheme then you are required by law to keep certain accounting records and HMRC will check...

Keeping Business Records When You’re VAT Registered

HMRC sets out special rules that you need to follow for keeping business records when you're VAT registered. These...

VAT Second Hand Margin Scheme: Reclaiming VAT on Overheads

The VAT Second Hand Margin Scheme applies to any sales and purchases that meet the criteria of the scheme, however you may have paid...

Do I Include all My Sales In the VAT Second Hand...

The VAT Second Hand Margin Scheme is one of the more complicated VAT schemes available to small businesses in the UK. When trying to...

VAT Second Hand Margin Scheme: Calculating Your Margin

When calculating your margin for the VAT purposes of the second hand margin scheme, you need to remember this: VAT under the margin schemes is...

VAT Margin Scheme for Second Hand Goods Businesses

HMRC has designed the VAT Margin Scheme (also nicknamed the 'Second Hand Goods Scheme') for businesses who buy goods from individuals who are not VAT...

LATEST