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Why thinking about UK VAT is important

Why thinking about UK VAT is important

Yet another example of why it is so important think about VAT before a deal is finalised and make sure the proposed VAT treatment is clearly communicated. I was talking about the importance of thinking about VAT before getting to the point of issuing a sales invoice...
Is it UK VAT zero-rated, exempt or both?

Is it UK VAT zero-rated, exempt or both?

When deciding how VAT applies to a transaction I always start with asking ‘what is it?’  In theory this tells you whether there’s any VAT relief and generally points to a clear ‘yes’ or ‘no’ answer.  However we recently saw a rare event when the tribunal decided the...
UK VAT Flat Rate confusion

UK VAT Flat Rate confusion

You might know that service businesses that don’t buy in goods or materials will have to pay a higher VAT flat rate from April.  Question is do you understand who will be affected and how? The new rules were covered in a recent HMRC webinar, which actually...