The difference between the VAT on Reimbursement or VAT on disbursement has a significant point of view as reimbursements are subject to VAT, while disbursements are outside the scope of VAT.
VAT on Reimbursement or VAT on Disbursement Read More »
The guidance around the (TOMS) Tour Operators Margin Scheme (VAT Notice 709/5) improved, including Paragraph 6.1, which details how to work out the selling price
How to Find TOMS Accountants Near You Read More »
What are the eligibility criteria for a VAT refund for DIY builders? You’re eligible to apply for VAT refunds on building materials and services if
How to Claim Your VAT Refunds for DIY Builders? Read More »
Q: I am an IT consultant, operating through a VAT-registered UK company. I am supplying consultancy services to another UK IT business. I have incurred
VAT on Disbursements VAT on Claiming Expenses Read More »
Business entertainment is the entertainment provided by a business/company to people other than employees. An example of this is the entertainment provided to customers. If
Can You Claim VAT on Entertainment? Read More »
Do you know? What is a VAT margin Scheme? A VAT margin scheme is an optional scheme which can be opted by anyone selling the
Why Do You Need a VAT Margin Scheme? Read More »
VAT returns are made quarterly in the majority of cases, but there are monthly and annual schemes. You must file your VAT return online by
What are the VAT Late Filing Penalties? Read More »
The treatment of car motor expenses for VAT purposes can be quite complex. Car Leasing You are normally only permitted to reclaim 50% of the
Is There VAT on Motor Expenses? Read More »
The information provided in this article shows how you must account for VAT if you buy in and re-sell travel facilities as a principal or
Tour Operators Margin Scheme (TOMS) Read More »
VAT From 1 April 2013 2012 Standard rate 20% 20% VAT fraction 1/6 1/6 Taxable turnover limits ________ ________ Registration – last 12 months from
VAT and Indirect Taxes Read More »
