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VAT - Value Added Tax
Can I Claim the VAT Back on Purchase of Over £2,000 as a Capital Asset?
I’m on the flat rate VAT scheme for small businesses and have recently paid...
Can I Reclaim VAT on Car Parking Charges Without a VAT Invoice?
Can I reclaim VAT on car parking charges without a VAT invoice? Yes, you...
Can I Reclaim VAT on the Invoices IQ Paid on Behalf of MC Ltd.?
Last year my friend’s company; MC Ltd was having cash flow difficulties, so my...
Can I recover VAT on equipment purchased before I registered for VAT?
My business is to become VAT registered from 1 June 2011, but before that,...
Can My New VAT Registered Company Reclaim VAT?
I recently formed a new company which will take over the business I run...
Can We Reclaim any VAT on Employees Mileage Allowance?
We pay our employees a mileage allowance for business journeys in line with the...
Can you Explain the Budget of Electronic Goods Affecting my Business?
I deal in small electronic goods such as Sat Navs, CD players and DVD...
Christmas: How does Hospitality and Gifts Affect the VAT Return?
The Omicron variant of Covid-19 saw new guidelines issued by the government in December....
Contractor will Charge me 5% VAT to Renovate my Property. Is This Right?
I am in the process of buying a property that has been empty for...
Do I have to Charge VAT on Selling Smoothies in Local Gym?
I am setting up a café in a local gym to sell hot and...
Do I Have to Handover the VAT Records to a Buyer of my Business?
I’m selling part of my business, and the buyer has asked for the VAT...
Do I Have to Include VAT on Credit Note Issued to Customer?
I recently registered for VAT, effective from 1 June 2008, but my business has...
Do I Have to Make any Changes in Invoices due to Decrease in VAT Rate?
We raised some sales invoices in November 2008 with VAT charged at 17.5%, for...
Do I Need to Get Registered for VAT for Running Plumber Business?
I’m starting a new business as a plumber and don’t know if it would...
Do I Need to Notify HMRC to Revert to Standard VAT Accounting?
Q. I’ve decided that the cash accounting scheme isn’t working for my business anymore. I’m...
Do I Need to Pay Stamp Duty on the VAT on the Rents?
I am about to sign a lease for a new shop, but the landlord...
Do Selling Software License to a Customer in Russia is Subject to VAT?
I have an order from a customer in Russia for a software license. Do...
How do I Claim Back VAT on my Costs if I’m not a VAT Registered Builder?
As I was made redundant last year I decided to take time out and...
How do I know the VAT number on my suppliers invoice is genuine?
How do I know the VAT number on my suppliers’ invoice is genuine? ...
How Do I Treat Purchases form USA for VAT Purposes in the UK?
My UK-based company has bought additional bandwidth from an internet provider based in the...