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VAT Basics

should i register my business for VAT

Should I Register my Business for VAT?

Businesses are responsible for collecting VAT from end consumers on behalf of the government - they collect VAT from their customers then...
File Nil VAT return

Can I File a Nil VAT Return

You can file a Nil VAT Return only in certain circumstances.  These are where: Your Business made no sales Your Business made no purchases Even...
Do I Add VAT to a Customers Late Payment Charge

Do I Add VAT to a Customers Late Payment Charge

If you impose a late payment charge or interest onto a customer or client who has not paid then you do not pay VAT...
Going from Non VAT Registered to VAT Registered

A Guide to Going from Non VAT Registered to VAT Registered

Congratulations your business growing!  But although going from Non VAT Registered to VAT Registered is a milestone for your business, it does bring with...
VAT Late Payments

VAT Late Payments: Fines, Penalties & Interest

VAT Late Payments are not looked upon favourably by HMRC and be an indication of something more serious within a business such as a...
Keeping Business Records When You're VAT Registered

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...
Filling Out Your VAT Return: Box 2 EC Acquisitions

Filling Out Your VAT Return: Box 2 EC Acquisitions

When it comes to filling out Box 2 EC Acquisitions on a VAT return there can be some confusion. According to...
VAT Registration Limits 2018/2019

VAT Registration Limits 2018/2019

VAT Registration Limits For the current year 2018/2019 your business can turnover £85,000 before it exceeds the limit required to register for VAT. This VAT Registration...
Distance Selling Thresholds Explained

Distance Selling Thresholds Explained

Who is Affected by Distance Selling Rules? Distance Selling Threshold rules affect e-commerce businesses that sell goods over the...
Tax & VAT Advice for Amazon FBA Sellers

VAT Advice for UK Amazon FBA Sellers

With the rise of online marketplaces consumers have become considerably more comfortable buying online and businesses have been given the ability to sell not...
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