If you are a VAT registered business and you or your staff reclaim mileage for business travel in your own vehicle did you know that you can claim VAT on the fuel element of that mileage? Every quarter HMRC update the advisory …
HMRC have increased the threshold for VAT registration to £83,000 for the year 2016-17. The threshold was £82,000 for 2015-16. If your turnover will reach this threshold over a 12 month period then you must regis…
If you are intent on growing your business at some stage you will have to become VAT registered. It is surprising how many people don't want to grow their business because they are concerned that becoming VAT registered will be complicated.
If you are treating your staff to a Christmas party you should be aware of what is allowable and what is not according to HMRC.
VAT MOSS, otherwise known as VAT Mini One Stop Shop, is HMRCs online service for declaring VAT on sales to consumers in EUR countries (B2C but not to VAT registered businesses). From 1st January 2015 all businesses supplyi…
