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
When you or your employees make a goodwill trip to see customers it will probably involve some wining and dining. The rules block you from reclaiming VAT on such costs but does this also apply to the
whole cost of the trip?
Published 01.03.2019
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
Your firm’s cash flow is tight and to make matters worse some of its suppliers are being especially slow in providing invoices. Normally, you must wait for these before you can reclaim the VAT. But
is there a legitimate way around this?
Published 02.11.2020
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
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
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
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
Sometimes you provide perks to your employees as a reward. Your last bookkeeper didn’t reclaim the VAT on these as she said it wouldn’t save you money. But your new bookkeeper says you should reclaim
the VAT. Who is right?
Published 09.07.2018
If employees or directors use equipment owned by your business for private purposes, you must account for VAT on this. However, for IT equipment HMRC takes a fairly generous approach. How can you
make the most of it?
Published 04.09.2019