Understanding VAT for UK businesses is essential if you're trading goods or services. From what counts as a taxable supply to when you need to register, VAT can seem like a maze, but it doesn’t have to be. In this guide, we’ll break down the types of VAT, the...
Understanding VAT and dealing with it is the focus of today's blog. Value Added Tax (VAT), or as many call it, Very Awkward Tax, is a critical part of UK business. Whether you're a sole trader, a limited company, or a non-profit, VAT affects you. Understanding VAT...
VAT in the UK is a crucial tax that affects businesses and consumers alike. It applies to most goods and services, making it essential for companies to understand their obligations. Furthermore, businesses must register for VAT if their taxable turnover...
Running a business in the UK - we know it comes with its fair share of tax responsibilities. And VAT is often one of the most confusing areas, especially reverse charging VAT. It's something every business owner, freelancer, or entrepreneur needs to understand....
Are you drowning in a sea of VAT confusion? Worry not, for we've got a sneak peek into the intriguing world of Value Added Tax (VAT), more specifically agents and VAT. To cover the basics, let’s first look at VAT and what it stands for. What is VAT? Don't let your...
In the dynamic realm of business, whether steering a private enterprise or a non-profit organization aspiring to make a social impact, one constant looms large – taxes. Amidst the myriad of taxes, VAT, or the rather awkwardly named Value Added Tax,...
Claiming VAT on cars is the title of this week’s video. So if you’re buying a car, it can be difficult to know what the rules are around VAT. Moreover, can you reclaim the VAT ? Above all are you struggling to recover VAT on your car purchase? If you’re like most...
Your VAT responsibilities after registration continue until the day you come out of the VAT system. As an unpaid tax collector for HMRC you must know your duties and responsibilities. The last thing I want is for you to end up on the naughty step with HMRC and run...
What is VAT ? VAT, or very awkward tax as I like to call it confuses and scares many business owners. Above all, Fear not! I'm going to talk to you about what VAT is, how it affects your business, and enlighten with how the VAT system works. This is part 1 of a...
Do you want to know how to Make your cashflow forecast with Microsoft Excel? Making your own cashflow forecast is easy with Microsoft Excel. You can use it for any business, big or small. It’s the world's leading spreadsheet and has been around since 1985. If you're...