fbpx
Home VAT VAT Basics

VAT Basics

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: 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

When you run any business whether as a sole trader or limited company, you are legally required to keep business records to support your...

Filling Out Your VAT Return: Box 2 EC Acquisitions

Box 2 on a VAT return can be the source of some confusion. According to guidance set out by HMRC Box 2 on your...

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

Who is Affected by Distance Selling Rules? The Distance selling rules affect e commerce businesses - those that sell goods over the internet to consumers...

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...

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 isn’t charged. You can zero-rate the sale, provided...

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. Here's what to do...

How to Register & Use VAT MOSS

VAT MOSS stands for Mini One Stop Shop and affects digital services business providing services to consumers (B2C).  VAT MOSS means that when a business provides...

Freeagent UK Review 2018: Cloud Accounting Software 30 Days Free +...

The Simplest bookkeeping system designed just for freelancers and the self employed. Bank feeds, automation, snap receipts, time tracking, invoicing and much more.