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
Some of your customers are pushing you on price so you’re considering whether to offer volume or loyalty discounts and cashbacks. The trouble is not all discount schemes are treated the same for VAT.
What do you need to know?
Published 20.09.2012
You’re breaking into mail and online orders as a way to boost sales and are in the process of creating a price list for your website. The price you charge for postage etc. needs to be to reflected in
this, but should you add VAT to it?
Published 08.12.2017
You’ve been approached by a business promotions company to join their scheme. It will sell vouchers to its customers who can use them to buy goods or services at a discount from you. How should you
account for the VAT?
Published 27.11.2017
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
A job for a customer requires work from another business which is not VAT registered. The customer wants you to manage the project and wrap up the bill from the other business with yours. How should
you deal with the VAT?
Published 15.05.2018
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
Customers are more price conscious than ever and selling has never been more difficult. Business promotion schemes are a good way of enticing new business, but they come with traps. What are they and
how can they be avoided?
Published 29.01.2009
Determining how much VAT to charge on a mixed supply can be tricky and is made more difficult by HMRC’s aggressive stance. What steps can you take to stay within the rules?
Published 17.04.2019
You’re with your accountant and about to sign off your firm’s annual accounts. There’s nothing unusual in this year’s figures, but actually they might contain hidden VAT charges. Why and what should
you be doing about them?
Published 02.03.2017