Taking on an employee means you’ll also take on a stack of other responsibilities as their boss. But at least you won’t have to pay VAT on their salaries as you would if they were contractors.
However a recent case showed this isn’t always so, why?
Published 13.10.2010
Currently you pay your employees an allowance to buy equipment which they use for work. But a business associate says it’s more VAT efficient for you to buy the equipment and lend it to your staff.
Is this correct?
Published 10.12.2015
Your company bought some machinery for a particular project, but no longer has a use for it. If it transfers the equipment to you for personal use, will this trigger a VAT charge?
Published 26.06.2014
It’s taken over a year for the Taxman to decide what to do following the EU ruling regarding VAT on certain employee benefits. He’s now issued guidance. What does this say and how should you
implement the change?
Published 07.09.2011
You’re with your accountant and about to sign off your firm’s annual accounts. There’s nothing unusual in this year’s figures, but actually they might contain hidden VAT charges. Why and what should
you be doing about them?
Published 02.03.2017
A job for a customer requires work from another business which is not VAT registered. The customer wants you to manage the project and wrap up the bill from the other business with yours. How should
you deal with the VAT?
Published 15.05.2018
There have been recent changes to the rules affecting income tax and VAT where you pay for fuel etc. used by your employees for private journeys. What are these and how might they affect your
business?
Published 20.09.2012
Making gifts to your customers or suppliers to engender goodwill is nothing new. However, have recent changes to the VAT legislation created an opportunity to reduce your VAT bill on these?
Published 30.09.2011
You’re breaking into mail and online orders as a way to boost sales and are in the process of creating a price list for your website. The price you charge for postage etc. needs to be to reflected in
this, but should you add VAT to it?
Published 08.12.2017
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