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
You’re selling your business premises and moving to another. The sale is VAT-exempt so you’re concerned that the partial exemption rule will apply and reduce the VAT you can reclaim on your general
costs. Is there a way you can prevent this?
Published 19.11.2021
HMRC’s latest Business Brief offers help for businesses that make both VATable and exempt supplies, and have been affected by the pandemic. What’s the full story?
Published 22.04.2021
If your business makes VAT exempt and chargeable sales, you’ll soon need to make an annual adjustment to the amount you’ve reclaimed on purchases. How can you use this exercise to improve your cash
flow or even reclaim more VAT?
Published 02.05.2012
As a partially exempt business you’re required to review the VAT you’ve reclaimed over the previous twelve months and make an annual adjustment. What should you be looking out for to ensure you’ve
maximised your claim?
Published 19.01.2017
As a partially exempt business the amount of VAT you can recover on purchases is restricted unless overridden by the de minimis rules. These can be applied in different ways, but which produces the
best outcome?
Published 13.05.2020
Our subscriber recently moved to larger premises with enough room to let part to another business. HMRC’s helpline warned that this might result in a reduced entitlement to reclaim VAT. Why, and how
can this trap be avoided?
Published 02.04.2020
If you operate associated businesses which make VATable and non-VATable supplies you might not be entitled reclaim all the VAT paid on purchases. What steps can you take to improve the position?
Published 31.08.2017
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
Where your business makes exempt and VATable supplies, new formulas were introduced last year for calculating the VAT you can reclaim on purchases. These might have saved you money. Is it too late to
go back and use them now?
Published 17.02.2011