Apart from paying salary to your workers it’s likely you’ll make other financial transactions with them, such as providing benefits-in-kind (BiKs) and reimbursing business expenses. But where do you
stand with the Taxman on these?
Published 18.10.2011
You’re downsizing your office and have asked a few staff to permanently change to homeworking. You’ll pay them a one-off allowance towards the cost of setting up their home workspace. Can you reclaim
the VAT they incur?
Published 18.06.2021
Does your business use self-employed staff/contractors? If it does, what happens to VAT on, say, their overnight expenses? Can the VATman argue you can’t reclaim the VAT on any expense they recharge
to you?
Published 25.09.2008
These days there’s less reliance on physical documents for VAT claims as digital invoices are becoming the norm. However, there are situations where you might not have the correct evidence or any at
all. When are you still entitled to reclaim VAT?
Published 24.03.2022
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 heard about the income tax exemption for relocation expenses paid to directors and employees. But where do you stand with the Taxman when it comes to the VAT paid on these?
Published 20.03.2012
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
Since April 2013 unincorporated businesses can claim simplified deductions for motor expenses. Companies could already claim these indirectly. As a result, some businesses have been losing out on
VAT. What should you be claiming?
Published 05.03.2014
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
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