As a general rule, registered businesses can reclaim the VAT paid on purchases and must charge it on the price of items they sell. However, different rules can apply if the items were second hand.
What’s the position?
Published 16.11.2015
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
You’re selling a van which has been used for your business and for private journeys by one of your employees. How much VAT, if any, should you charge the buyer?
Published 31.10.2018
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
Your company has a contract to supply goods and services to a customer. A sister company will supply yours with the staff for the service part of the contract and charge you for their time. Does it
have to charge VAT on this?
Published 16.03.2018
If you make a refund to a customer, you can usually reclaim the corresponding VAT you accounted for on the original sale, but not in every case. When are you not allowed to do this and how are the
rules changing?
Published 15.10.2013
Soon after registering for VAT you received a visit from an HMRC inspector. She told you that you owed VAT on fees for work you did before registration but invoiced a few days after. Is the HMRC
inspector correct?
Published 16.12.2021
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
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
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