Mitigating and Avoiding VAT Penalties

How to Avoid VAT Penalties

You may have become aware of HMRC’s increasingly aggressive approach to applying penalties to VAT mistakes. So it makes sense to focus on this question of how to avoid VAT penalties or at least keeping them to a an absolute […]

Careless or deliberate penalties?

What is a careless or a deliberate VAT error?

The question of when an error should be treated as being deliberate versus careless is a crucial one to answer as it dictates the rate of penalty that HMRC can apply to a VAT error.  However it is a very […]

How to claim VAT on Bad Debts

How to claim VAT on Bad Debts

The recent VAT tribunal case of Regency Factors plc provides a salutary lesson on how to claim VAT on Bad Debts under the Bad Debt Relief (BDR) and, perhaps more importantly, how to avoid problems with the claim. The Upper […]

Postponed VAT Accounting - what is it?

Postponed VAT Accounting – what is it?

Overshadowed by Brexit and the mayhem that came with it, Postponed VAT Accounting was introduced in the UK with effect from 1 January 2021.  It is a beautiful rose amongst the thorns of the past eighteen months, but sadly seems […]

Is VAT due on commission?

Is VAT due on commission?

I have heard this question asked countless times: ‘Is VAT due on commission?’.  Such a simple question but with a real can of worms for an answer.  The reason for that is, not only can commission be paid on just […]

VAT OSS Rules for EU sales

VAT OSS Rules for EU sales

The VAT rules for all supplies of either goods or services that leave or arrive in the UK have always given rise to problems.  Never more so than post-Brexit and now we have new VAT OSS Rules for EU sales […]