When you first started out you travelled a great deal meeting potential customers. You treated your travel and subsistence costs as VAT-inclusive and duly claimed back input VAT via your return. Was
this right though?
Published 22.12.2005
You’ve paid for business expenses out of a cash advance from your company. What sort of receipt do you need to avoid the VATman later reversing your company’s claim for the VAT included in your
expenses?
Published 06.07.2006
You’re transferring your business to your new company which will then register for VAT. The company will take over the current business lock, stock and barrel, but does that entitle it to reclaim VAT
on purchases made by the old business?
Published 13.11.2013
During routine records checks HMRC first looks for mistakes which businesses commonly make. One target area is the VAT treatment of travel expenses. What should you be checking to ensure your VAT
returns are correct?
Published 19.05.2022
Your bookkeeper is preparing your latest VAT return which includes expenses paid by your employees, some of which include VAT. How much of this can you reclaim and what supporting evidence must you
have?
Published 04.10.2022
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
In a recent tribunal case the VATman used a different interpretation of the law concerning claims for pre-registration input VAT. Will this affect any claim you’ve already made or could make in
future?
Published 21.10.2004
Since April 2013 unincorporated businesses can claim simplified deductions for motor expenses. Companies could already claim these indirectly. As a result, some businesses have been losing out on
VAT. What should you be claiming?
Published 05.03.2014
You use HMRC’s approved benchmark rates when you pay your employees for subsistence when they travel for work. The trouble is, if you follow HMRC’s latest advice you may be costing yourself VAT.
What’s the full story?
Published 05.02.2019
You know that there is more input VAT to claim for this VAT return but you haven’t got all the paperwork in yet. Do you have to wait until your next VAT return to claim this, or is there a way to get
the VAT back now?
Published 25.05.2006