Businesses need to register for VAT when they reach the VAT threshold but understanding when that is and what to take into account when calculating your trading income is a little more complex.

Several years ago a business was put in touch with me about their VAT situation because they had been told by their accountant that they did not need to be VAT registered.

It can be confusing to know what you can claim back VAT on when someone who does work for you recharges you for some of their costs. This article explains how to work out when you can recover VAT and when you are not able to.

Businesses which import goods for business use have been able to use Postponed VAT Accounting since January 2021. Postponed VAT Accounting enables you to both declare and recover VAT on the same VAT return instead of

When you first become VAT registered you can choose which VAT scheme to use when reporting VAT. Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another.