The VAT threshold is set each year as part of the UK Budget. Over the last three years, we have not seen any changes to the threshold. But it has been changing over the years. Here is a summary of the VAT threshold History.
The VAT margin scheme for cars can save second-hand car dealers money. This guide explains which vehicles can be included in the scheme, how it saves businesses money and how to calculate figures for the VAT return as well as all the records you need to keep. How Does the VAT Margin Scheme for Cars … Read more
Making Tax Digital affects all VAT registered businesses from 1 April 2019. But when you need to file your first Making Tax Digital VAT Return depends on your VAT quarter end dates. Confused about Making Tax Digital? Then read my Complete Guide to Making Tax Digital. When to Submit your First Making Tax Digital VAT … Read more
Generally only commercial landlords have to consider the question of VAT on rent deposits. Residential landlords are outside the scope of VAT and so are unaffected. Question: Is there VAT on Rent Deposit? Answer: There is no VAT on Rent Deposits Let’s look at why. VAT can be one of the most confusing taxes a … Read more