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VAT - Value Added Tax
Can I Claim the VAT Back on Purchase of Over £2,000 as a Capital Asset?
Last updated: 14 October 2026 Can you reclaim VAT on a capital asset costing over £2,000? Yes. A VAT-registered business can usually reclaim the VAT
Can I Reclaim VAT on Car Parking Charges Without a VAT Invoice?
Last updated: 14 October 2026 Can you reclaim VAT on car parking charges without a VAT invoice? Sometimes. HMRC allows VAT-registered businesses to reclaim VAT
Can I Reclaim VAT on the Invoices IQ Paid on Behalf of MC Ltd.?
Last updated: 14 October 2026 Can a company reclaim VAT on invoices paid by another company? Usually not, if the invoice is addressed to the
Can I recover VAT on equipment purchased before I registered for VAT?
Last updated: 14 October 2026 Can you recover VAT on equipment bought before you registered for VAT? Yes. Once you register, you can reclaim VAT
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?
Last updated: 14 October 2026 Can you reclaim VAT on employees’ mileage allowance? Yes, but only on the fuel part of the mileage payment, and
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?
Last updated: 14 October 2026 How do Christmas hospitality and gifts affect your VAT return? You can reclaim VAT on a staff Christmas party, because
Contractor will Charge me 5% VAT to Renovate my Property. Is This Right?
Last updated: 14 October 2026 When can a contractor charge 5% VAT to renovate a property? A VAT-registered contractor can charge the reduced rate of
Do I have to Charge VAT on Selling Smoothies in Local Gym?
Last updated: 14 October 2026 Do you have to charge VAT on smoothies sold in a gym? Yes, if you are VAT-registered. Smoothies, fruit juices
Do I Have to Handover the VAT Records to a Buyer of my Business?
Last updated: 14 October 2026 Do you have to hand over VAT records to the buyer of your business? Usually yes, if the sale is
Do I Have to Include VAT on Credit Note Issued to Customer?
Last updated: 14 October 2026 Do you have to include VAT on a credit note issued to a customer? Yes, if the original invoice included
Do I Have to Make any Changes in Invoices due to Decrease in VAT Rate?
Last updated: 14 October 2026 Do you need to change your invoices when the VAT rate falls? Yes. When a VAT rate changes, you must
Do I Need to Get Registered for VAT for Running Plumber Business?
Last updated: 14 October 2026 Do you need to register for VAT as a plumber? Only if your VAT-taxable turnover goes over £90,000 in any
Do I Need to Notify HMRC to Revert to Standard VAT Accounting?
Last updated: 14 October 2026 What is standard VAT accounting? Standard VAT accounting is the default way UK businesses account for VAT. You pay VAT
Do I Need to Pay Stamp Duty on the VAT on the Rents?
Last updated: 14 October 2026 Do you pay stamp duty on the VAT charged on rent? Yes, in most cases. When you take a new
Do Selling Software License to a Customer in Russia is Subject to VAT?
Last updated: 14 October 2026 Is selling a software licence to a customer in Russia subject to UK VAT? For VAT, a software licence or
How do I Claim Back VAT on my Costs if I’m not a VAT Registered Builder?
Last updated: 14 October 2026 How can a builder who isn’t VAT-registered claim back VAT on costs? In most cases, they can’t. Only VAT-registered businesses
How do I know the VAT number on my suppliers invoice is genuine?
Last updated: 14 October 2026 How do you check that a supplier’s VAT number is genuine? Use HMRC’s free “Check a UK VAT number” service
How Do I Treat Purchases form USA for VAT Purposes in the UK?
Last updated: 14 October 2026 How do you treat purchases from the USA for UK VAT? It depends on whether you buy goods or services.