You’re closing your business and moving on to a new venture. As a result you’re cancelling your VAT registration. HMRC has told you that you must pay VAT on the value of assets still owned by the
business. Does this apply to all assets?
Published 03.09.2018
If your business has ceased trading or its VATable turnover has fallen below the deregistration limit, you can cancel your VAT registration. But the process isn’t always straightforward. So what
traps should you be watching for?
Published 03.05.2023
When one of your companies started trading it registered and reclaimed VAT on its start-up costs. But now that its turnover has fallen what are the pros and cons of deregistering it?
Published 23.06.2015
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
One of your businesses has been deregistered for VAT. However, a VAT invoice has now turned up which you need to pay. Is there any way you can claim the VAT back on such invoices?
Published 21.04.2005
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
The difficult trading conditions over the last couple of years have hit small businesses particularly hard. Some have fallen below the VAT deregistration threshold. What do you need to consider
before deregistering?
Published 12.05.2010
You’re winding up one of your subsidiary companies and it will soon have to deregister for VAT. The trouble is the company still has to pay rent for a while and the landlord adds VAT. Where do you
stand with reclaiming it?
Published 16.03.2015
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
When you registered for VAT you reclaimed all the VAT you could for goods and services you bought prior to registration. However, you’re about to sell an asset for which you weren’t entitled to
reclaim VAT. Should you add it to the sale price?
Published 22.05.2019