Where your customer pays a gratuity with their bill this can, depending on the circumstances, trigger a VAT liability which you must account for out of the money received. What steps can you take to
avoid this happening?
Published 05.04.2016
If you’ve applied to register a new or existing business for VAT, but you’re waiting for your registration number, when should you charge VAT to your customers and what’s the procedure for collecting
it?
Published 05.09.2013
HMRC has tough rules about when you must pay the VAT you’ve charged your customers. But where it relates to certain types of service, a loophole allows you to defer payment. How can you take
advantage?
Published 30.05.2014
When you registered for VAT you reclaimed all the VAT you could for goods and services you bought prior to registration. However, you’re about to sell an asset for which you weren’t entitled to
reclaim VAT. Should you add it to the sale price?
Published 22.05.2019
To drum up more business you want to create a points based loyalty scheme for your customers. You’ve decided on the terms and conditions for the scheme but the VAT consequences worry you. How should
you tackle them?
Published 09.07.2018
From 2015 there will be a new way to calculate VAT where you offer certain types of discount to your customers. What steps must you take to prepare your invoicing procedures for the change?
Published 09.09.2014
Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
Published 15.11.2011
Making gifts to your customers or suppliers to engender goodwill is nothing new. However, have recent changes to the VAT legislation created an opportunity to reduce your VAT bill on these?
Published 30.09.2011
HMRC’s mini one stop shop (MOSS) for accounting for VAT on digital services sold in other EU countries seems to have settled down. HMRC has also simplified the rules for some businesses. How might
these changes affect you?
Published 04.05.2016
Since January 1 financial advisors have been required to charge VAT for many of their services. In what situations does this apply and what steps can you take to avoid it?
Published 16.04.2013