A business associate has suggested you use a “special method” for your VAT partial exemption calculation as it saves their business money. When can you use a special method and can it actually lower
your VAT bill?
Published 03.06.2019
Two businesses share costs, e.g. staff salaries and premises, but the expenses are paid by one. This arrangement it not unusual but it can create VAT problems for the businesses concerned. What are
they and how can you avoid them?
Published 21.10.2020
Unlike sole-trader businesses every company must have its own VAT registration. This can add extra layers of admin where you run two or more connected companies. Group registration might help, but
when can you use it?
Published 18.03.2016
It’s common practice for holding companies to be included in a VAT group registration as it often means they can reclaim VAT that they wouldn’t otherwise be entitled to. But now Europe wants to put
an end to this. What’s the full story?
Published 05.02.2010
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 your business pays for road fuel, it can recover the VAT element relating to business use. There are different methods for working out the amount reclaimable. Which is the best for your business?
Published 06.03.2023
Your bookkeeper has found a batch of purchase invoices on which VAT hasn’t been reclaimed. They date back a few years and you think that it may be too late to reclaim the VAT. What is and isn’t
allowed?
Published 22.06.2020
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
If a customer doesn’t pay your bill you can get back any VAT on this that you’ve paid over to HMRC. But where do you stand if you’re withholding payment to a supplier because you’re in dispute with
them?
Published 16.07.2013
If you need to move profit from one trading company to another just to be able to pay a dividend to shareholders, there are VAT traps for the unwary. So how do you keep the VATman at bay?
Published 17.01.2008