Small businesses have several VAT schemes available that can simplify VAT administration and may help with cash flow. However, as a business…

The Government has launched a consultation on proposals that could significantly change the way VAT is collected on goods sold through online…

If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business…

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the…

The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings as taxable…

The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers actually pay…

Businesses that lease cars often assume they can recover all of the VAT charged on car leasing payments. In practice, the rules…

Changes announced in the Autumn Budget have removed the use of a niche VAT scheme known as the Tour Operators Margin Scheme…

The VAT Flat Rate Scheme is designed to simplify the way a business accounts for VAT and, in doing so, reduce the…

It is important to understand both when VAT registration is required and the ongoing obligations that follow. The VAT registration threshold is…