News,May 2018

How Much is VAT in the UK

How Much is VAT in the UK?

26/08/2021Tax Issues , VAT

After 31st December 2020 – the end of the British transition period – there have been few changes in the VAT system of the UK. In this blog, we’ll have a look at how much is VAT in the UK 2021-22, what are VAT changes, and how to calculate what you need to pay. Let’s …

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Is Client Entertainment Tax Deductible

Is Client Entertainment Tax Deductible?

24/08/2021Personal Tax , Tax Issues , VAT

One of the most important marketing tactics that many businesses use is business entertainment, especially for retaining new clients and customers. Spending cost on business entertainment matters a lot when you want to build a network and attract new clients. So, if you’ve decided to allocate a marketing budget for entertaining clients and customers, you …

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Reclaiming VAT on Property Development

Reclaiming VAT on Property Development

12/08/2021Property , Tax Issues , VAT

If you’re a property developer, you can cut down the cost of VAT by reclaiming VAT on property development. But to do it, you need to be well aware of the applicable VAT rules for your development project. With the different VAT rules for new builds, commercial properties, sale, and lease of the property, it …

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Reclaiming vat on fuel

Reclaiming VAT on Fuel & Petrol: How It Works

04/08/2021VAT

This is one of the most frequently asked questions that we hear time and time again: what is the process of reclaiming VAT on the fuel? Many of our customers are looking for answers regarding VAT on mileage claims. Though reclaiming VAT on fuel is a burdensome process, as you need proper evidence to prove …

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legal obligations of a sole trader

Legal Obligations of a Sole Trader

19/07/2021Sole Trader , VAT

Want to start your own business? Whether you want to be your own boss, pursue your dream job or want to work with the people you like, there’s no other option than to be a sole trader. With a lot of benefits, there are some legal obligations of a sole trader that you must keep …

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Flat Rate VAT

What is the VAT Flat Rate Scheme and Can it Benefit my Company?

20/05/2021VAT

If your business charges additional VAT from customers on your goods against the VAT it pays to buy things, the difference must be paid to HMRC. Contrarily, if your business is paying more VAT than it takes from its customers, you can reclaim the difference from HMRC. But, the Flat Rate VAT Scheme works differently, …

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