If your business provides services under a continuous or long-term contract, special rules determine when you have to account to HMRC for VAT on the supplies you make. How can you delay this and so
improve your cash flow?
Published 18.04.2016
Every three months you have to pay your VAT, but when money is tight this can be difficult. So what tricks could you use that will keep the VAT in your account for longer?
Published 15.01.2009
You know that there are rules regarding when you have to add Output VAT to your invoices. But you might not know that there are instances when you can delay having to pay this over to the VATman. How
can this be?
Published 23.11.2006
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
Despite vetting your account customers, one of them has done a runner leaving your invoices unpaid. Do the bad debt rules apply meaning you must wait to recover the VAT you’ve paid to HMRC or can you
reclaim sooner?
Published 18.02.2014
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
You’ve been approached by a business promotions company to join their scheme. It will sell vouchers to its customers who can use them to buy goods or services at a discount from you. How should you
account for the VAT?
Published 27.11.2017
From 2015 there will be a new way to calculate VAT where you offer certain types of discount to your customers. What steps must you take to prepare your invoicing procedures for the change?
Published 09.09.2014
The VAT receipt you have just been handed does not seem to contain much information. When challenged, the cashier says that a full invoice can only be provided by head office. Is it a problem if it
never arrives?
Published 17.07.2008
You’ve paid for business expenses out of a cash advance from your company. What sort of receipt do you need to avoid the VATman later reversing your company’s claim for the VAT included in your
expenses?
Published 06.07.2006