If you need to move profit from one trading company to another just to be able to pay a dividend to shareholders, there are VAT traps for the unwary. So how do you keep the VATman at bay?
Published 17.01.2008
It’s common practice for holding companies to be included in a VAT group registration as it often means they can reclaim VAT that they wouldn’t otherwise be entitled to. But now Europe wants to put
an end to this. What’s the full story?
Published 05.02.2010
Two businesses share costs, e.g. staff salaries and premises, but the expenses are paid by one. This arrangement it not unusual but it can create VAT problems for the businesses concerned. What are
they and how can you avoid them?
Published 21.10.2020
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 made an entry on your VAT return in good faith. However, it now turns out that you were charged VAT by a supplier who had, in fact, already been de-registered. Could this be a problem for you?
Published 06.12.2007
During a busy period you accidentally forgot to send in your VAT return by the deadline for the latest period. How much will this cost in penalties? And will a visit from the VATman be the final
outcome?
Published 13.03.2008
Even the VATman recognises that bad debts are an inescapable part of business life. But at what stage does he allow you to get the VAT back you’ve already paid on the debt?
Published 11.05.2006
For this VAT period you have expenses shown on your company credit card statement but no VAT invoices to back them up. If you don’t include them in the return you might be missing out on Input VAT.
So what should you do?
Published 18.01.2007
Paying your VAT bill can have a serious effect on cash flow. However, if your business isn’t claiming all the input VAT it’s entitled to because the “small stuff” is slipping through the gaps, you’re
missing out. What’s to know?
Published 06.11.2008
Your business consists of two trading and one holding companies. You’re also negotiating the purchase of a competitor business, which is costing the holding company a lot of money in professional
fees. Can it reclaim the VAT on these?
Published 09.06.2017