Giving your employees benefits-in-kind (BiK) can be a tax-efficient way of rewarding them, but it still costs money. You can reduce this by reclaiming the VAT you paid in providing the BiK, but what
are the consequences?
Published 16.09.2010
A decision by the EU Advocate General (AG) gave the Taxman a battering for the second time within two months. Now he’s attacked the UK’s VAT rules on business gifts and samples. Will this open the
floodgates for businesses to claim refunds?
Published 05.05.2010
In his recent budget the Chancellor slipped in a sneaky change regarding the right of businesses to reclaim VAT using the Lennartz rule for purchases. This will affect thousands of businesses in the
UK. What’s it all about?
Published 14.04.2010
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
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
A ground-breaking decision by the EU Advocate General might lead to the Taxman having to rethink his rules on entertaining expenses. Currently, you’re not allowed to reclaim VAT on these; how might
this change?
Published 12.04.2010
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
An employee has written off his company car. Its insurance value is £8,000. The claim form asks if you’re VAT registered; you are, so you tick the “yes” box. You’ve just lost £1,300! Why and what
steps can you take to avoid this trap?
Published 02.05.2014
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
The Taxman’s website says you can’t claim tax relief for the cost of promotional gifts unless they cost £50 or less and carry some obvious advertising. It turns out that’s only half the story. What’s
the full picture?
Published 10.12.2009