Finance & Accounting>VAT
Self-serve Time to Pay for VAT
For some time, taxpayers within Self Assessment have been able to set up a TimetoPay arrangement online, allowing them to pay their tax bill in
September 7, 2023
Do we need to register for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
August 30, 2023
VAT option to tax changes
The typical situation where ‘opt to tax’ could be used is where a commercial property is purchased for renting. As a new commercial property, VAT
August 6, 2023
More time to pay back deferred VAT and Tax
At the start of the pandemic, VAT registered businesses were given the option of deferring payment of any VAT that fell due in the period
November 29, 2020
Paying back deferred VAT
At the start of lockdown, the Government announced a number of measures to help businesses weather the pandemic. One of those measures was the option
October 11, 2020
Discover how the reduced VAT scheme works for hospitality and leisure businesses
Reduced rate of VAT for hospitality and leisure The hospitality and leisure industries have been severely affected by the Coronavirus pandemic. To help businesses in
October 2, 2020
Most VAT-registered business can use the flat rate scheme if it is expected that VAT taxable turnover in the next 12 months to be £150,000 or less. Read more…
FRS for VAT – Who is it for? The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT
June 21, 2020
The delayed start date for the domestic reverse VAT charge has given businesses an extra year to prepare for the charge. We explain what you can do to prepare.
Domestic reverse VAT charge for building and construction services The domestic reverse VAT charge for building and construction services was due to come into effect
October 5, 2019
Even if your business hasn’t reached the £85,000 turnover threshold, there are some benefits to registering for VAT early.
VAT registration – sooner or later? Once a business is up and running, the next major administrative area to be faced often concerns the subject
September 24, 2019
Inspired by Grand Designs? You are entitled for a VAT refund if you build your own home.
VAT refunds for DIY builders If you build your own house or convert an existing property into a home, you may be eligible to apply
September 11, 2019
Do you run a business? Should you register for VAT? What are the conditions? We answer all these questions here
All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a
June 7, 2019