HMRC has tough rules about when you must pay the VAT you’ve charged your customers. But where it relates to certain types of service, a loophole allows you to defer payment. How can you take
advantage?
Published 30.05.2014
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
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
To drum up more business you want to create a points based loyalty scheme for your customers. You’ve decided on the terms and conditions for the scheme but the VAT consequences worry you. How should
you tackle them?
Published 09.07.2018
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’ve applied to register a new or existing business for VAT, but you’re waiting for your registration number, when should you charge VAT to your customers and what’s the procedure for collecting
it?
Published 05.09.2013
Soon after registering for VAT you received a visit from an HMRC inspector. She told you that you owed VAT on fees for work you did before registration but invoiced a few days after. Is the HMRC
inspector correct?
Published 16.12.2021
It can be convenient to charge your customer for goods or services supplied by other businesses as part of your overall supply on a single invoice. But as a recent case showed this can lumber you
with an extra VAT bill. Why?
Published 21.12.2012
Due to Brexit the VAT rules have changed for supplies of services to customers in the EU. While these are less onerous than the new rules for goods, what, if any, changes should you be making to your
VAT procedures?
Published 28.01.2021