You’ve formed a company to develop a new business unconnected with your existing firm. Even if it’s viable it won’t generate income for months or even more than a year. Can you register and reclaim
the VAT on development costs?
Published 13.01.2023
Your bookkeeper is preparing your latest VAT return which includes expenses paid by your employees, some of which include VAT. How much of this can you reclaim and what supporting evidence must you
have?
Published 13.12.2022
During routine records checks HMRC first looks for mistakes which businesses commonly make. One target area is the VAT treatment of travel expenses. What should you be checking to ensure your VAT
returns are correct?
Published 14.06.2022
You’ve employed a crew of self-employed tradesmen to carry out work for a customer. They’ll buy the tools and materials for the job and include the cost in their bills to you. Can you reclaim the
VAT?
Published 16.04.2019
Providing your employees with benefits in kind is a supply for VAT purposes on which you might have to account for VAT. However, special rules and HMRC concessions mean this doesn’t apply in all
circumstances. So when can you take advantage?
Published 20.02.2023
Now that you and your fellow directors often work from home you need newer and better IT equipment. The company will buy it in bulk to get a discount and then transfer it to each employee. What’s the
most VAT-efficient way to do this?
Published 07.07.2022
HMRC’s latest Business Brief says that if you have used the Lennartz method to account for VAT on the private use of assets you may need to review your calculations. Could this be you?
Published 28.04.2022
A customer disputes your bill because they think you’ve added VAT to something they consider to be a disbursement. What is or isn’t a disbursement is a notoriously tricky question. How can you ensure
you get the VAT treatment right?
Published 14.03.2019
You’re downsizing your office and have asked a few staff to permanently change to homeworking. You’ll pay them a one-off allowance towards the cost of setting up their home workspace. Can you reclaim
the VAT they incur?
Published 28.06.2021
Where you or an employee use your home for work it might result in extra costs. As these relate to the business can it reclaim any of the corresponding VAT on those additional costs?
Published 28.04.2020