In January, the rules on employee benefits-in-kind changed and can now mean VAT is payable in situations where it didn’t apply before. But is this extra cost to your business a tax-deductible
expense?
Published 14.05.2012
Providing your employees with benefits in kind is a supply for VAT purposes on which you might have to account for VAT. However, special rules and HMRC concessions mean this doesn’t apply in all
circumstances. So when can you take advantage?
Published 12.12.2022
One of our subscribers was recently advised by the Taxman that because his company was offering a free-of-charge service it couldn’t reclaim the VAT it had paid on the related costs incurred. Was
this advice correct?
Published 03.10.2012
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
If you buy a little thank you gift for your staff can you claim the VAT back on it? Are the rules any different if you want to reward a member of your staff with a meal in a swanky restaurant?
Published 07.10.2004
The Taxman’s rules about taxing benefits-in-kind are varied and can be complicated. But what about the VATman? If your company has paid VAT in providing you with a benefit-in-kind can it claim this
back on its VAT return?
Published 01.02.2007
A VAT expert recently reported that most businesses under-claim VAT each quarter, often by between 20% and 30% of the amount they are entitled to recover. If your company is one of these, how can you
fix the problem?
Published 18.03.2011
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
You’ve heard about the income tax exemption for relocation expenses paid to directors and employees. But where do you stand with the Taxman when it comes to the VAT paid on these?
Published 20.03.2012
You’re thinking of moving your “working at home” space out of your spare bedroom and into a summerhouse at the bottom of the garden. What is the most VAT-efficient way of handling this relocation?
Published 05.07.2007