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
When you send in your VAT return late you could find yourself open to a penalty from the VATman. If this wasn’t deliberate can’t you do something to get out of his bad books?
Published 13.10.2005
During a busy period, you accidentally forgot to send in a VAT return for the latest period on time. What are the consequences of this? Will a visit from the VATman be the final outcome?
Published 19.01.2006
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
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
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
Do you file your VAT returns online? Well if Lord Carter has his way we will all have to. OK, but what happens if the system lets you down?
Published 21.12.2006
If, for some reason, you fail to send in your VAT return, the VATman will issue a central assessment for a specified amount. If this looks to be less than your actual liability what should you do?
Published 22.06.2006
You sell an item for £1,000 (including £150 of VAT). However, your customer brings it back for some reason and you issue a credit note. What do you need to do to make sure you can offset the two
transactions?
Published 09.11.2006
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