The VAT flat rate rate scheme asks traders to pick a category that matches their trade from a list provided … Read More
Advisory Fuel Rates from 1 September 2016 When calculating the VAT element of mileage payments, these rates apply from 1 … Read More
VAT on costs can only be claimed in so far as the costs are attributable to taxable supplies. A recent … Read More
A recent case has reminded of the need to have proper purchase invoices in order to support VAT input tax … Read More
In a recent case (Airtours Holidays Transport Ltd v CRC, Supreme Court, 11 May 2016) Airtours had paid for services provided … Read More
Don’t forget that if you have made any EC sales during the quarter ended 31 March 2016 that you need … Read More
The VAT registration thresholds increase by £1000 from 1 April: Registration threshold from 1 April 2016 = £83,000 (based on … Read More
The European Court have ruled that the UK blanket reduced VAT rate for energy saving materials is unlawful. The UK … Read More
If you make an error on a VAT return then you simply adjust for it on the next VAT return, … Read More
If an employee or director uses their own vehicle for allowable business journeys the company can pay them a tax … Read More