Yes, staff entertaining is normally tax deductible for UK companies and the VAT can be reclaimed. Client entertaining is not: it is disallowed for corporation [...]
HMRC have now released details for paying VAT payments that were deferred between 20th March and 30th June 2020. Businesses can choose to pay the [...]
VAT and Brexit It is looking increasingly likely that the UK will leave the EU (Brexit) without a withdrawal deal in place at 11pm on [...]
The terms of the flat rate VAT scheme (FRS) were changed for 1 April 2017 when the category of limited cost traders was introduced, but [...]
The draft VAT MOSS regulations have now been passed. This means a de-minimise turnover threshold of £8,818 will apply to the VAT MOSS scheme from [...]
The VAT Flat Rate Scheme, known as FRS, for small business's is a simplification scheme which allows VAT registered traders to work out [...]
All businesses who sell digital services (such as ebooks, online video etc) to non-business customers in other EU countries need to account for the VAT [...]
The detail is included in VAT Notice 700 which is required reading for any VAT registered business. If you haven’t printed off a [...]
The use of crowdfunding to raise funds has been on the increase since the concept was first coined back in 2006. A recent conversation with [...]
A businesses employees will pay Value Added Tax (VAT) on many of the goods and services that are purchased by them and expensed. If a [...]
