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 —
VAT on Reimbursement or VAT on Disbursement Read More »
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 »
Stamp Duty Land Tax (SDLT) is a UK transaction tax charged on the purchase of residential and commercial property, and its interaction with Value Added Tax (VAT) determines the final cost of many deals. SDLT on commercial property becomes particularly relevant when the seller has exercised the Option to Tax under HMRC VAT Notice 742,
Is There VAT on Stamp Duty? How to Reduce you SDLT Legally Read More »
VAT on commercial property in the UK governs the tax liability for transactions involving offices, retail units, warehouses, and industrial buildings. Businesses, landlords, developers, and investors face VAT rates of 20% Standard, 5% Reduced, 0% Zero-Rated, or Exempt depending on the property type and transaction. Incorrect VAT treatment can trigger significant costs, including unrecoverable input
VAT on Commercial Property: Charges and Tax Implications Read More »
VAT on prepayments refers to the HMRC-defined requirement to account for VAT at the time a business receives an advance payment, creating an actual tax point under VAT Notice 700. UK suppliers use this rule to determine when VAT becomes due on deposits, retainers, staged payments, and annual subscription fees. Prepayment VAT rules apply across
Can You Claim VAT on Prepayments? What HMRC Allows? 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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