HMRC’s latest Business Brief offers help for businesses that make both VATable and exempt supplies, and have been affected by the pandemic. What’s the full story?
Published 04.05.2021
Usually when you buy or sell a business VAT doesn’t apply. However, this isn’t true for the costs you incur in the process, e.g. legal and accountancy fees. How can you maximise the amount of VAT you
can reclaim?
Published 05.02.2018
Your company pays for fuel used in its business in different ways, either direct to the filling station or through a mileage allowance paid to directors and employees. How can you maximise the amount
of VAT you reclaim?
Published 03.03.2017
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
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
HMRC allows businesses to reclaim VAT on directors’ and employees’ homeworking costs. As an employer how can you take advantage of this without falling foul of the much tighter rules which apply to
income tax?
Published 09.04.2018
When your business buys equipment that’s used both for work and personal purposes, you can’t usually reclaim all the VAT. But for some types of purchase HMRC allows it. When does this apply?
Published 04.06.2015
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
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
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