VAT partial exemption is one of the most difficult aspects of the VAT system and more often than not, requires an accountant that knows VAT schemes (in the) UK inside out. A business is partly exempt if it makes, or intends to make, both taxable and exempt supplies...
VAT registration for your business may be voluntary or it may be compulsory. However, either way, it will still take time for HMRC to implement you into the system and issue a registration number. So what do you do when it comes to invoicing for VAT before...
Coming in to 2020 we are very much living in a digital world, with the online possibilities seemingly endless. However, there are some businesses where cash is still the primary transaction means. These businesses face more scrutiny from HMRC and are more prone to...
You’re on holiday in Europe and you find an item that would be perfect for your office, but reclaiming VAT on EU purchases made abroad can be a daunting prospect. You question whether you should buy it and whether you would be able to reclaim the foreign VAT you pay. ...
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