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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 over £2,000 for membership of trade organisation. Can I claim the
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 if your VAT on car parking is under £25, apart
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 company; IQ Ltd paid some of the outstanding debts with MC’s
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, I will be taking delivery of a piece of equipment which
Can My New VAT Registered Company Reclaim VAT?
I recently formed a new company which will take over the business I run in my sole name. The formation agent charged VAT on their
Can We Reclaim any VAT on Employees Mileage Allowance?
We pay our employees a mileage allowance for business journeys in line with the Taxman’s recommended rates. Can we reclaim any VAT in respect of
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 players. I heard there was something in the Budget that could
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. However, at the time of writing no lockdown, circuit breaker or
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 a number of years. Extensive renovation is needed, and I have
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 cold drinks including fruit smoothies made on the premises. Do I
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 records relating to purchases and sales made by that section. It
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 been running since 1 November 2007. I need to issue a
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 services to be delivered in December 2008. The invoices have already
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 be a good idea to register for vat. Can you advise?
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 intending to revert to standard VAT accounting from the start of
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 wants to charge VAT on the lease rental payments. The solicitor
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 I have to charge VAT on that sale? Does it make
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 build my own house. A neighbour told me I could claim
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? It’s a good idea to check any VAT number you have
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 USA. How do I treat this purchase for VAT purposes in