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
If you trade through more than one company, you can share the overheads around to save tax by making management charges. However, there is a VAT trap for the unwary. How can you avoid it?
Published 23.10.2008
You are about to make a year-end management charge to a related company. However, if the associated company is not registered for VAT it won’t be able to recover any VAT you charge on top. What can
you do to reduce this VAT cost?
Published 15.03.2007
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
Unlike sole-trader businesses every company must have its own VAT registration. This can add extra layers of admin where you run two or more connected companies. Group registration might help, but
when can you use it?
Published 18.03.2016
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
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
In 2009 the European Commission started action against the UK with the aim of excluding holding and similar companies from VAT groups. Nearly four years later the result is in. What was the outcome
and how might it affect you?
Published 02.05.2013
Taking on an employee means you’ll also take on a stack of other responsibilities as their boss. But at least you won’t have to pay VAT on their salaries as you would if they were contractors.
However a recent case showed this isn’t always so, why?
Published 13.10.2010