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
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
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 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
Our subscriber made purchases from a supplier and reclaimed the VAT charged on their invoices. The supplier has subsequently gone under and apparently was never registered for VAT. Must the VAT our
subscriber reclaimed be repaid to HMRC?
Published 29.11.2023
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
Generally, when a business registers it can reclaim VAT paid for goods on hand. There’s also scope for reclaiming VAT on services received before registration but tough conditions apply. What exactly
are you allowed to claim for?
Published 06.09.2012
If you’re preparing for a VAT inspection you’ll want to be sure you have the right paperwork ready. This includes invoices to back up any VAT you’ve reclaimed, but can HMRC demand this back if you
don’t have them?
Published 31.05.2013
A subscriber recently contacted us saying that they had heard the VATman was no longer allowing businesses to reclaim the VAT on the costs of holding meetings and conferences at hotels. Is this true?
Published 16.02.2006
The First-tier Tribunal recently ruled on whether a company was entitled to reclaim VAT on fees it paid for advice about a scheme to reduce income tax bills for its directors. What was the outcome
and how might it be relevant to your business?
Published 04.02.2020