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VAT

Archive of articles and guides on Value Added Tax (VAT) issues for UK small business owners. Topics covered include charging VAT on services and goods, VAT registration, thresholds, taxable turnover, dealing with mistakes and HMRC, and many other related questions.

Accounting

What is the VAT threshold?

At what point does your small business have to start paying VAT? Should you voluntarily pay VAT? And what are legitimate ways to stay under the VAT threshold?

Tax

VAT invoice template

What should you put in your VAT invoice? We explain more and share a handy template to help you get started.

Accounting

Sole traders and VAT

Whether you pass the VAT threshold or register for VAT voluntarily, we explain everything you need to know about Value Added Tax

News

Tax-free shopping could give economy extra £10bn

Business groups are calling to reinstate tax-free shopping for international visitors but the Treasury is reluctant to do so.

News

Minister mulls U-turn on VAT-free shopping

Business minister asks businesses hurt by scrapping VAT-free shopping for overseas visitors to provide him with ‘data and information’

Accounting

Sole traders increasingly avoid charging VAT

Tens of thousands of small businesses deliberately stay small to avoid charging VAT, which means you have to hike prices if you wander over the £85,000 threshold

News

Hunt scraps VAT-free shopping and presses on with IR35 reforms

Chancellor Jeremy Hunt reverses nearly all of Kwasi Kwarteng's tax cuts, loading billions onto bills of small business owners

Export & Import

Import duty explained

Find out everything you need to know about Import VAT and Customs Duty in this handy Small Business guide

Export & Import

Importing wine from abroad

If you are looking to set up a business where you will be importing wine from abroad, certain VAT and duty rules apply.

News

What does Nadhim Zahawi mean for small business?

Unlike his predecessor Rishi Sunak, the new chancellor of the exchequer has actually run a small business

News

Downing Street pushes for VAT to be cut from 20%

No 10 has proposed a temporary cut in VAT from 20% but Treasury pushes back, worried about real and long-term cost of overstimulating the economy

Making Tax Digital

Making Tax Digital for VAT post April – what now?

Every VAT-registered business will have to register with Making Tax Digital from 1 April. Fabiano Rocha of Sage explains how HMRC digital VAT reporting is changing and what future changes we can expect

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Friendly guide – top tips for small businesses switching to VoIP

With the landline shutdown coming fast, there’s never been a better time to switch to VoIP. Don’t let your small business be left behind!

Export & Import

Avoid delays with exports and imports

Many factors can affect products’ journeys from A to B. Here are some tips for best practice for successful shipping in the modern world

Business Technology

The connection between digital skills and fraud prevention in small businesses

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