If you’re registered you can reclaim VAT you pay on purchases. However, there’s more to it than that. What are HMRC’s must-follow rules and how can they be used to boost VAT recovery?
Published 04.02.2014
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
Your business consists of two trading and one holding companies. You’re also negotiating the purchase of a competitor business, which is costing the holding company a lot of money in professional
fees. Can it reclaim the VAT on these?
Published 09.06.2017
During routine records checks HMRC first looks for mistakes which businesses commonly make. One target area is the VAT treatment of travel expenses. What should you be checking to ensure your VAT
returns are correct?
Published 19.05.2022
If you rent your premises then, directly or indirectly, you could be paying VAT on the costs which your landlord incurs and passes on to you. But are you entitled to reclaim any of it?
Published 04.04.2014
You’ve formed a company to develop a new business unconnected with your existing firm. Even if it’s viable it won’t generate income for months or even more than a year. Can you register and reclaim
the VAT on development costs?
Published 14.11.2022
You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be
entitled to. Are they correct?
Published 18.03.2024
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
Doing up a property as a buy to let can be expensive. But in some situations you can lower the cost by using tax breaks that reduce the VAT. What are these and how can you take advantage?
Published 11.04.2014
From time to time you may be faced with having to pay a bill for your company out of your own pocket. The invoice or receipt you’re given is likely to be in your name. Is this going to be a problem
for the Taxman?
Published 01.10.2009