If you are a VAT registered business you should always be prepared for a VAT inspection. Do you keep your accounts records up to date so you can instantly lay your hands on the paperwork the VAT Inspector is asking for?
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.
