17th June 2024
Business owners often refer to VAT as if it were a cost to their business regardless of their VAT position; whether they…
13th June 2024
Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon as possible….
23rd May 2024
There are special VAT reverse charge rules for certain building contractors and sub-contractors. The rules, which came into effect on 1 March…
16th May 2024
The check a UK VAT number service is available at: www.gov.uk/check-uk-vat-number. This service allows users to check: if a UK VAT registration…
2nd May 2024
The government is looking to introduce a new relief that would provide a VAT boost to charitable donations. The new VAT relief…
11th April 2024
There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern Ireland businesses…
11th April 2024
VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by…
7th March 2024
The taxable turnover threshold that determines whether businesses should be registered for VAT will increase from £85,000 to £90,000 from 1 April…
15th February 2024
The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the next 12 months to…
1st February 2024
The VAT Cash Accounting Scheme can offer useful benefits to small businesses. Under standard VAT accounting, VAT is payable on sales whether…
