There have been recent changes to the rules affecting income tax and VAT where you pay for fuel etc. used by your employees for private journeys. What are these and how might they affect your
business?
Published 20.09.2012
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
Your company has a contract to supply goods and services to a customer. A sister company will supply yours with the staff for the service part of the contract and charge you for their time. Does it
have to charge VAT on this?
Published 16.03.2018
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
You’ve got some old stock and office furniture clogging up your storeroom. It may not be in mint condition but it’s too good to throw away. If you take it home to use, or your company gives it to
you, what will the Taxman say?
Published 04.03.2011
The Taxman has incorrectly applied the law which says how much VAT is payable where businesses pay for fuel used for private mileage. What’s the full story?
Published 31.05.2012
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
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
It’s common practice for holding companies to be included in a VAT group registration as it often means they can reclaim VAT that they wouldn’t otherwise be entitled to. But now Europe wants to put
an end to this. What’s the full story?
Published 05.02.2010
The Taxman likes to promote the VAT flat-rate scheme as a time and money-saving arrangement for traders. But one of our subscribers found out the hard way that there’s more to it than meets the eye.
What was the problem?
Published 15.10.2009