Some of your customers are pushing you on price so you’re considering whether to offer volume or loyalty discounts and cashbacks. The trouble is not all discount schemes are treated the same for VAT.
What do you need to know?
Published 20.09.2012
To drum up more business you want to create a points based loyalty scheme for your customers. You’ve decided on the terms and conditions for the scheme but the VAT consequences worry you. How should
you tackle them?
Published 09.07.2018
You’ve been approached by a business promotions company to join their scheme. It will sell vouchers to its customers who can use them to buy goods or services at a discount from you. How should you
account for the VAT?
Published 27.11.2017
Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
Published 15.11.2011
You want to run a promotion which involves a free gift when customers spend more than a certain amount. As yet you’ve not decided what the gift will be. How is the VAT position affected by the type
of gift you offer?
Published 05.11.2015
You’re with your accountant and about to sign off your firm’s annual accounts. There’s nothing unusual in this year’s figures, but actually they might contain hidden VAT charges. Why and what should
you be doing about them?
Published 02.03.2017
From 2015 there will be a new way to calculate VAT where you offer certain types of discount to your customers. What steps must you take to prepare your invoicing procedures for the change?
Published 09.09.2014
It’s taken over a year for the Taxman to decide what to do following the EU ruling regarding VAT on certain employee benefits. He’s now issued guidance. What does this say and how should you
implement the change?
Published 07.09.2011
The VAT flat rate scheme (FRS) rules block you from reclaiming VAT on purchases except for high value capital assets, e.g. a van. But what’s the VAT position if you bought the asset before you
started using the FRS?
Published 07.01.2020
You’re breaking into mail and online orders as a way to boost sales and are in the process of creating a price list for your website. The price you charge for postage etc. needs to be to reflected in
this, but should you add VAT to it?
Published 08.12.2017