Alternative providers of higher and further education may be able to claim refunds of VAT following a recent Court of Appeal ruling, although the position remains subject to further legal proceedings.
HMRC recently published a brief explaining the
Self-employed people can only claim the business share of mixed costs. This guide explains business expenses when costs have a private element, covering phone bills, travel, working from home and simplified expenses, plus the records you should keep.
The temporary 5% VAT reduction for children’s meals, tickets and family attractions has finished. Discover what the relief covered, which supplies were excluded and what your business must do now that summer VAT relief has ended.
Discover how to build stronger VAT controls, from assigning responsibility to meeting Making Tax Digital rules, and check whether your VAT control system truly measures up.
A clear guide to recovering VAT on pre-registration costs, explaining the time limits for goods and services, how to claim on your first VAT return and which special rules may apply.
Are you using the best VAT scheme for your business? Discover how the flat rate, annual accounting and cash accounting schemes work. Learn the turnover limits, key benefits and why regular reviews matter for small businesses.
The Government is consulting on plans to make online marketplaces more responsible for collecting VAT on sales through their platforms. Although not yet law, the changes could affect UK sellers. Businesses should review their VAT procedures now and stay alert to updates as the consultation progresses.
Could your business recover more VAT? Many VAT-registered businesses miss legitimate reclaims on purchases, pre-registration costs, vehicles and travel. Discover the rules, the £2,000 Flat Rate Scheme exception and the common restrictions to watch. Learn how simple checks could unlock valuable savings and improve your business cash flow.
Do you know who must register for VAT? Understanding the £90,000 threshold and HMRC’s two-part registration test is essential for every business. Learn when to register, review worked examples and discover how the rules apply to Northern Ireland, so you can avoid penalties and stay fully compliant.
Lifetime gifts can fall outside the estate after seven years, but that outcome changes if the donor keeps a benefit. In those cases, gifts with reservation of benefit rules can bring the asset back into the estate, so careful planning remains essential.
The option to tax can improve VAT recovery on non-residential property costs, but it can also create long-term consequences. Extensions, linked buildings and new complexes can all affect the VAT position, so businesses should take advice before opting to tax property or altering an opted site
The VAT Cash Accounting Scheme allows businesses to account for VAT when cash changes hands. This improves cash flow and reduces risk from unpaid invoices. However, eligibility criteria apply, and businesses should review suitability regularly to ensure it aligns with their financial needs.
Reclaiming VAT on car leases is usually restricted to 50%, although certain business uses and short-term hires may allow full recovery. By understanding the rules and maintaining accurate records, businesses can ensure correct VAT treatment.
VAT rule changes have affected taxi and private hire journeys. Businesses must check invoices carefully, as reclaiming VAT on fares now depends on location and structure.
Repaying private fuel can prevent unexpected tax charges. Accurate records and timely action help employees stay in control.
Private limited companies must meet strict filing obligations for accounts and Corporation Tax to avoid penalties from HMRC and Companies House.
The VAT Flat Rate Scheme simplifies VAT reporting, but limited cost trader rules can significantly reduce its financial benefit for some businesses.
Understanding VAT registration and ongoing obligations helps businesses remain compliant, manage cash flow and reduce the risk of penalties.
VAT recovery on car leasing is usually restricted to 50% for businesses, with limited exceptions for specific activities and short‑term business‑only hire.
Reclaiming VAT through the DIY Housebuilders Scheme lets homeowners recover VAT on eligible building materials for new builds and qualifying conversions.
Understanding when VAT applies helps businesses avoid errors. Some supplies require VAT, while exempt or outside‑scope transactions must be treated differently.
Zero‑rated supplies attract 0% VAT yet remain taxable, allowing businesses to reclaim VAT on related costs and improve cash flow.
Whether VAT applies when selling a company car depends on how it was purchased and whether VAT was recovered. Applying the correct rules helps businesses avoid errors and ensures proper VAT treatment.
Company data shows high insolvency activity, softer incorporations and resilient enterprise births, reflecting a UK business landscape in active reallocation.