VAT on Food – a complex minefield
If you sell food for human consumption, it can be zero rated (unless it is supplied in the course of […]
VAT
Taxable interest? With interest rates rising this might affect you soon
A “savings allowance” is available to basic rate taxpayers – £1000 p.a. and higher rate taxpayers – £500 p.a. With
Do you sell via online platforms and if so, are you accounting correctly?
The Internet means a business can sell products to practically anywhere in the world. There are many online selling platforms–
VAT visits and inspections
VAT officers can visit your business to inspect your VAT records (known as compliance checks) and make sure you’re paying
Not yet VAT registered?
Keep a close eye on your turnover!
Now that businesses are open again, turnover in the business is hopefully picking up If you are not VAT registered
Making Tax Digital for VAT
Whilst covered in recent newsletters, time is now running short, and all businesses have to submit VAT returns digitally from
VAT registration – monitor your turnover!
For small businesses, VAT registration is required if, over the last 12 months, the “taxable supplies” have exceeded the VAT
Making Tax Digital for VAT – the countdown clock is ticking
From their first VAT period starting on or after 1 April 2022, VAT registered businesses (including self-employed and landlords) that
Which VAT code do I use in my software?
For VAT registered businesses, there are many VAT codes that can be chosen. It is easy to get them wrong,
VAT Scale Charges
The Fuel Scale Charge simplifies the process of accounting for VAT on private usage of fuel. It basically provides for