Following the European decision last year, VAT law on samples is being amended to help businesses. The change won’t be made until the summer but the Taxman says you can take advantage of it now. What
should you be doing?
Published 18.04.2011
Making gifts to your customers or suppliers to engender goodwill is nothing new. However, have recent changes to the VAT legislation created an opportunity to reduce your VAT bill on these?
Published 30.09.2011
Subject to some exceptions, where you provide food for your employees, you’ll have to account for VAT on it. But a recent European Court ruling might change this, meaning you can reclaim any VAT
overcharged. What’s the full story?
Published 31.03.2011
If you make a refund to a customer, you can usually reclaim the corresponding VAT you accounted for on the original sale, but not in every case. When are you not allowed to do this and how are the
rules changing?
Published 15.10.2013
Your new bookkeeper has pointed out that you’ve been charging some customers standard-rate VAT for goods that ought to have been zero-rated and accounted for the excess on your VAT returns. Are you
entitled to a refund?
Published 09.02.2022
VAT cash accounting offers advantages to small businesses, but all good things must come to an end. When your turnover reaches the limit you’ll have to leave the scheme. But how should you handle the
transition to avoid losing out?
Published 17.10.2012
Last year the VAT rules for services supplied to overseas customers were changed, but certainly not simplified. One of our subscribers, who provides property services, wanted to know whether or not
they should charge VAT?
Published 22.07.2011
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
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 Institute of Taxation recently took up the cudgels with the Taxman over incorrect guidance it had published. This might have caused businesses using the flat-rate scheme to wrongly pay VAT on
investment income. What’s the full story?
Published 21.09.2011