What is the domestic reverse charge and does it affect me?
It affects you if you work in construction and supply another VAT-registered business that is CIS-registered and is not the…
Fill out the form below for a free consultation.
It affects you if you work in construction and supply another VAT-registered business that is CIS-registered and is not the…
Late filing earns a penalty point rather than an immediate fine, with a financial penalty once you reach the threshold…
When your VAT-taxable turnover exceeds £90,000 in any rolling twelve-month period, or when you expect to exceed it in the…
It depends almost entirely on who your customers are. If you sell to VAT-registered businesses, registering is often free money:…
One month and seven days after the end of your VAT period, for both the return and the payment.
The flat rate scheme lets you charge VAT normally but pay HMRC a fixed percentage of your gross turnover instead…
You can reclaim VAT on goods and services bought for business purposes where you hold a valid VAT invoice and…
They look similar on an invoice and behave very differently. Zero-rated supplies are taxable at 0% — most food, children's…
Small errors can be corrected on your next return; larger ones must be disclosed to HMRC separately.
Yes, within time limits, and it is regularly missed. For goods you still hold at registration — stock, equipment, tools,…