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
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
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
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
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
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
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
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
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
After working from home during lockdown you want to make the arrangement permanent. If your company pays the cost of setting up a proper home office, what are the tax consequences for you and it?
Published 21.10.2020