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...
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...
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. ...
VAT registration for your business may be voluntary or it may be compulsory, but 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 registration?...
Welcome to our monthly newsletter. We hope you enjoy reading this newsletter and find it useful. Download our new App here! Ask us about management accounts Ask us about our virtual financial director service Are we being proactive enough for you? NO DEAL BREXIT –...
Hairdressing salons are being reminded of the VAT changes for ‘Chair Rentals’ enforced on October 1st 2012. If you are a salon owner renting chair space to self-employed hair stylists you are no longer VAT exempt. Chair rental is now taxable at the standard rate of...
We have placed cookies on your device to help make this website better.
You can use this tool to change your cookie settings. Otherwise, we’ll assume you’re OK to continue.
Some of the cookies we use are essential for the site to work.
We also use some non-essential cookies to collect information for making reports and to help us improve the site. The cookies collect information in an anonymous form.
