DIY housebuilders can reclaim the VAT on building materials that they buy and which are used in the construction of their home. Read this article to find out when a claim can be made and how.

If your business is registered for VAT, you must keep certain records by law. Read this article to find out what records you must keep and for how long.

The VAT registration threshold increased to £90,000 on 1 April 2024 and the deregistration threshold to £88,000. Read this article to find out when you must now register for VAT and when you can deregister.

Read this article to make sure you are recording the VAT reverse charge correctly

Cuts to National Insurance contributions and the abolition of so-called 'non-dom' tax breaks were among the headline announcements in this year’s Spring Budget.

Read on, as we delve into more of the details and summarise the biggest changes that were unveiled during the budget.

If you make taxable supplies for VAT, you will need to register for VAT if your taxable supplies exceed or will exceed the VAT registration threshold. Read this article to find out when you must register and how to register.

The VAT flat rate scheme can save work, but may cost you money. Read this article to find out why. #VAT #flatratescheme #limitedcostbusiness

Read this article to find out whether a letting agent needs to charge VAT on costs passed on to landlords. #disbursements #recharges #VAT

HMRC is introducing new penalties for VAT returns that are submitted late. These replace the old default surcharge system. The penalties apply to all returns, even if it is a nil return or a return that claims a repayment from HMRC. This new regime will affect all VAT periods starting on or after 1 January 2023.

Read this article to find out whether it is beneficial to register for VAT voluntarily #VAT #voluntaryregistration

The VAT flat rate scheme is a simplified scheme that can save work. Instead of working out the VAT that you need to pay over to HMRC by deducting input VAT from output VAT, you pay a fixed percentage of your VAT-inclusive turnover. The percentage depends on the nature of your business.

VAT cannot be recovered on business entertainment expenditure. This includes the gratuitous provision to customers or clients of hotel accommodation, food and drink or tickets to events.

Most purchases carry a VAT charge. Value Added Tax (VAT) is levied on most business transactions and on many goods and some services.

The treatment of car motor expenses for VAT purposes can be quite complex.