You’re relocating your business to a new premises. The purchase contract shows VAT added to the price which could land you with extra costs. Can you avoid paying this and what are the consequences if
you can’t?
Published 31.08.2018
A couple of years ago you started a part-time business. It’s gone better than expected and you’ve received an offer for it. The amount you’ll be paid will push you over the registration threshold, so
should you charge VAT?
Published 26.11.2018
If your business makes exempt and taxable supplies, the VAT it can reclaim on its general expenses is restricted. HMRC operates a standard method for working out the restriction, but could you use a
special method instead to get back more VAT?
Published 24.03.2021
As a landlord opting to tax a commercial property allows you to reclaim VAT on running costs. But if your business occupies part of the same building the option can land you with a costly problem.
What is it and how can you avoid it?
Published 06.10.2017
This time of year can be expensive for business owners who are expected to pay for social events and gifts for staff and perhaps customers. A sixth of the cost is down to VAT, but how much of this
can you reclaim?
Published 27.11.2017
If you personally own and let residential accommodation, you can’t usually reclaim VAT paid on related expenses. Transferring it to your company could allow it to do so. What steps are required to
make it happen?
Published 05.03.2018
Most perks your company provides to staff are liable to tax and NI, but less well known is that you may also have to account for VAT. This adds to your company’s cost of providing them. When does VAT
apply and when can it be avoided?
Published 19.10.2015
Last year your company spent money on landscaping the space at the front of its premises. Now an HMRC inspector is asking you to repay the VAT you reclaimed. Why, and is he within his right to do so?
Published 17.04.2018
You’re thinking of branching out into a new trade to complement the existing one. You’ve incurred costs on research and feasibility but if you decide not to go ahead are you entitled to recover the
VAT paid on these?
Published 29.07.2021
HMRC’s bad debt rules mean that if a customer doesn’t pay your bill you can at least reclaim any VAT you’ve accounted for. But what’s the VAT position if you’re in dispute with a supplier and you’re
withholding payment to them?
Published 02.09.2016