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VAT Basics

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 pay it...

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

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

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...

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. Find out more about Freeagent and how I use it in my business to automate my bookkeeping and tracking.