Paying for goods/services with the company credit card is pretty run of the mill stuff. However, you might not be claiming all the VAT you are entitled to. What exactly should you be looking out for
when you complete your next VAT return?
Published 09.05.2008
You’ve heard from a colleague that he’s just had the decorators in. According to him, the Taxman will be footing the bill, as it’s being paid for by his company. How is this possible?
Published 13.04.2006
Recovering the VAT paid on most business expenses requires hard evidence and can be something of a chore. So what is the best method for calculating the Input VAT element when making mileage
payments?
Published 11.10.2007
The Taxman’s rules about taxing benefits-in-kind are varied and can be complicated. But what about the VATman? If your company has paid VAT in providing you with a benefit-in-kind can it claim this
back on its VAT return?
Published 01.02.2007
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
Following the recent change to Royal Mail postal charges (what you pay depends on the size of the parcel rather than just its weight), you’ve decided to use couriers more regularly. What are the VAT
implications of this?
Published 14.09.2006
You buy assets or goods for the business and routinely claim back the input VAT. If, however, you use them privately, the VATman will ask for his money back plus interest and penalties. How can you
avoid this problem?
Published 27.09.2007
From time to time you may be faced with having to pay a bill for your company out of your own pocket. The invoice or receipt you’re given is likely to be in your name. Is this going to be a problem
for the Taxman?
Published 01.10.2009
Mobile phone packages that include “free calls” isn’t a problem for the Taxman. However, the VATman is a bit more pedantic. What can be done?
Published 30.03.2006
When it comes to claiming the VAT on a three-piece suite the VATman will discriminate against you if you are a small company. How can you make sure you get the same generous treatment as large
companies?
Published 27.01.2005