Since the full rollout of Making Tax Digital (MTD) for VAT in April 2022, all VAT-registered businesses in the UK are legally required to maintain digital records and file VAT returns using compatible software. However, when it comes to the payment itself, businesses still have a choice in how they pay VAT online. Paying online […]
How to Pay VAT Online to HMRC? Step-by-Step Procedure Read More »
Understanding VAT on entertainment is crucial for UK businesses aiming to stay compliant with HMRC regulations and manage their expenses effectively. From staff parties to client dinners, each type of entertainment comes with its own VAT implications. This comprehensive guide breaks down the rules, exceptions, and reclaim strategies, empowering you to make informed financial decisions.
VAT on Entertainment Expenses: Guide for UK Businesses Read More »
When managing VAT obligations as a UK business, understanding the distinction between VAT on reimbursement and VAT on disbursement is crucial. These two types of client-related costs can significantly impact your VAT calculations and compliance with HMRC requirements. While VAT on reimbursement is usually within the scope of VAT, disbursements often fall outside it —
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Whether you’re a small business owner or a self-employed professional, understanding VAT deregistration is essential to avoid unnecessary costs and comply with HMRC rules. If your turnover has dropped or your business structure has changed, it may be time to consider deregistering for VAT. Summary “This guide explains what VAT deregistration means, why businesses may
VAT Deregistration: The Complete Guide (2025) Read More »
VAT (Value Added Tax) rules can be particularly complex for charities and non-profit organisations. While these entities are driven by a mission to help others, they are still bound by certain legal and tax obligations in the UK. One of the most commonly asked questions by charities is: can charities claim back VAT? In this
Can Charities Claim Back VAT in the UK? Read More »
When purchasing property in the United Kingdom, understanding all associated taxes is essential—especially for first-time buyers or international investors. A frequent question is: Is there VAT on stamp duty? This article will offer a comprehensive breakdown of Stamp Duty Land Tax (SDLT), clarify whether VAT applies, and provide insights on rates, exemptions, and refunds. Summary
Is There VAT on Stamp Duty? Read More »
When leasing or managing commercial property in the UK, understanding the treatment of VAT on commercial property—especially when it comes to service charges—is vital for both landlords and tenants. This guide outlines how VAT is applied to service charges on commercial property, common scenarios involving utilities, insurance, and more, with references to HMRC guidance and
VAT on Commercial Property: Charges and Tax Implications Read More »
When running a UK business, one of the questions that often arises is: can you claim VAT on prepayments? In most cases, the answer is yes—but only if specific HMRC conditions are met. Getting things wrong can lead to costly VAT errors, so this guide explains clearly and simply how the rules work, when reclaiming
Can You Claim VAT on Prepayments? Guide for UK Businesses Read More »
As someone actively advising UK businesses on tax matters, one of the most common queries I receive is about VAT on digital products and services. With the rise in online sales, streaming platforms, software subscriptions, and downloadable content, it’s more important than ever to understand how VAT applies to these digital transactions. This article is
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Are you a YouTuber based in the UK or planning to launch your own channel soon? If yes, understanding the VAT on YouTube Income is absolutely essential to stay compliant with HMRC and avoid unexpected liabilities. In this comprehensive guide, I’ll walk you through everything you need to know about tax, specifically VAT, on your
VAT on YouTube Income: Guide for UK Content Creators Read More »
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