Most Recent Issue

BREXIT

HMRC confirms “no-deal” plans

The UK is less than six months from leaving the EU, and the future relationship is still unclear. What do HMRC’s newly published “no-deal” plans mean for your VAT accounting?
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CARS

Reclaiming VAT on business cars

If you purchase a car for your business, you can only reclaim the VAT if you meet tough conditions. For small businesses, the challenge can often be proving that these have been met. How can you ensure that you don’t miss out?
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MARGIN SCHEMES

Accommodation sharing and the tour operators’ scheme

If your business is looking to raise extra income by providing short-term holiday accommodation of the Airbnb type, you will usually charge VAT on the full price. Is there a way of securing a legitimate VAT saving?
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OUTPUT TAX

How do you treat sales to the Crown Dependencies?

The VAT treatment of sales to the UK, EU and non-EU customers differs, but many businesses get confused when it comes to the Channel Islands and the Isle of Man. How can you be sure of getting it right?
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VAT GROUPS

Do anti-avoidance provisions apply to your VAT saving?

Your accountant recently advised you to form a VAT group in order to enjoy savings, and you duly did so. However, you have now read about HMRC using its anti-avoidance powers to counter tax savings with groups. Should you worry?
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CAPITAL GOODS SCHEME

Getting the VAT right when disposing of capital items

You are probably used to accounting for VAT on your sales, but you may have to consider the capital goods scheme rules. What is the adjustment period for commercial property, and what happens if you sell an item before it ends?
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VAT ADMINISTRATION

Don’t be a victim of fraud

Last updated: 16.10.2018

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