Giving your employees benefits-in-kind (BiK) can be a tax-efficient way of rewarding them, but it still costs money. You can reduce this by reclaiming the VAT you paid in providing the BiK, but what
are the consequences?
Published 16.09.2010
The Taxman’s website says you can’t claim tax relief for the cost of promotional gifts unless they cost £50 or less and carry some obvious advertising. It turns out that’s only half the story. What’s
the full picture?
Published 10.12.2009
The direct debit to pay the leasing costs of your company car(s) comes out of your bank account each month. This payment will include VAT at 17.5%. Do you simply put this Input tax on your VAT
return?
Published 26.10.2006
Usually, you’re blocked from reclaiming VAT you incur on business entertainment costs but there are circumstances where this rule doesn’t apply. What are they and when might you be able to use them
to your advantage?
Published 20.05.2021
If you’re registered you can reclaim VAT you pay on purchases. However, there’s more to it than that. What are HMRC’s must-follow rules and how can they be used to boost VAT recovery?
Published 04.02.2014
The Taxman has issued a statement acknowledging that he was wrong about businesses claiming VAT on entertaining costs. Is there something in this for you?
Published 26.11.2010
We received a question from a subscriber who asked whether he could reclaim VAT on the costs of using a room in his house. The simple answer is “yes”, but as you would expect there’s more to it than
that. What’s to know?
Published 18.09.2009
Businesses can’t reclaim VAT on entertaining expenses, but there are circumstances where this rule doesn’t apply. And a recent case in the European Court of Justice (ECJ) has created a further
opportunity. When can you make a claim?
Published 23.04.2009
Making gifts to your customers or suppliers to engender goodwill is nothing new. However, have recent changes to the VAT legislation created an opportunity to reduce your VAT bill on these?
Published 30.09.2011
It’s taken over a year for the Taxman to decide what to do following the EU ruling regarding VAT on certain employee benefits. He’s now issued guidance. What does this say and how should you
implement the change?
Published 07.09.2011