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Late VAT returns: points will lead to penalties
Older readers will remember the famous catchphrase of the late entertainer Bruce Forsyth with his game show quip that ‘p...
The new penalty regime for late VAT payments starts on 1 January 2023
1 January 2023 will be a massive date in the VAT calendar.
Is activity deemed to be business or non-business for the purposes of VAT?
HMRC recently issued Revenue and Customs Brief 10 (2022) (see bit.ly/3BJGVvr), explaining its new interpretatio...
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A donation for VAT purposes: no-strings attached giving
There’s an old saying that ‘there’s no such thing as a free lunch.’ Fortunately, that is not always the case, and charit...
VAT savings tips for SMEs: practical ways to improve cash flow
VAT is often the forgotten tax. Charge VAT on your sales and claim it back on your expenses. Submit and pay a return onc...
Saving VAT on builder services: when the 5% rate applies
The starting point with any supply of goods or services in the UK is that they are subject to VAT at 20%....
Partial exemption in VAT registered businesses
What are the basic rules of partial exemption?
Let me entertain you!
The relaxation of the lockdown rules hopefully means that staff and customers will be able to get together for a decent...
Word games
I enjoyed the comment of the judge in th e recent Court of Appeal decision in the VAT case of Royal Opera House Covent G...
Hidden traps?
Many UK businesses have either ceased to trade or suffered reduced turnover due to the Covid-19 pandemic....