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.

News

FSB: Let’s boost economy with targeted VAT cuts

Targeted VAT cuts would help stimulate economic growth, according to the Federation of Small Businesses (FSB).

Tax

Tax dilemmas

Every small business should make their business tax as efficient as possible, this guide will help ensure you're not paying HMRC too much.

Accounting

Emergency Budget Breakdown

It's generally agreed that SMEs emerged largely unscathed from the Emergency Budget. Here we pick out the main points for owner-managers.

News

Small businesses hit by ‘stealth’ tax

SMEs are being hit by a furtive tax increase, says the Federation of Small Businesses.

News

‘VAT hikes bad for economy’

SMEs say the VAT increase back to 17.5 per cent could harm prospects of a recovery.

News

VAT cut ‘is successful’

The government's reduction in value-added tax (VAT) is proving to be successful, despite criticism, according to research from a leading think tank.

Tax

Deferred VAT payments for small businesses

I heard that the government were helping small business by deferring payment of VAT. Is this true and if so, what is the procedure?

Tax

Turnover limit for VAT registration

What was the limit for business turnover for 05/06 when you can become VAT registered?

News

New measure against VAT fraud

Measures aiming to make it harder for organised criminals to steal VAT from the UK taxpayer will be introduced on 1 June 2007 by HM Revenue & Customs (HMRC).

Accounting

Catering and VAT

HM Customs and Excise (HMCE) says that the supply of most food and drink of a kind used for human consumption is zero-rated, but there are exceptions; catering being one of them.

Accounting

A beginner’s guide to VAT

Registration for VAT is compulsory in certain situations, but also available on a voluntary basis subject to specific criteria.

News

A question of VAT

Got a question on VAT? Then it is always best to seek first-hand advice from the professionals on all finance matters that relate to your business, particularly where tax and VAT are concerned.