Tag Archives: VAT

VAT on supply of services overseas

VAT is never simple and it keeps changing.  VAT on services supplied by a UK business to an overseas customer is one of the most difficult… Supplies to a business customer: In general the business customer will account for VAT … Continue reading

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Salary Sacrifice

Changes to the VAT treatment of salary sacrifice schemes have been announced by HMRC. The changes are effective from 1 January 2012 and in some cases will increase the overall cost of the scheme. Salary sacrifice schemes allow employees to … Continue reading

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VAT Initiative update

A reminder about HMRC’s VAT Initiative campaign which is focussed on individuals and businesses that are trading above the VAT registration threshold of £73,000, but who have not registered to pay VAT. Those who have not yet registered but do … Continue reading

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Using your (VAT) initiative

The VAT initiative, whilst sounding like something devised by a politburo, is one of HMRC’s focuses this year. HMRC are writing to 40,000 businesses whose turnover appears to them to have already exceeded the compulsory VAT registration threshold. Those businesses … Continue reading

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Requests for payment and VAT

Now VAT is up to 20% it becomes more has focused attention on cash flow and ways to delay payment of output VAT on fees. One possible way is to issue a ‘request for payment’ rather than a VAT invoice. … Continue reading

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Cars

If you’re leasing a car for use in your business there are quite a few factors to consider.  It could end up costing you more than you think. There are various folk ideas about the realtive cost of car. The … Continue reading

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Budget post 2 – VAT

VAT: Changes to registration and deregistration thresholds OK, budget post number 2 and it’s time to have a look at VAT. The details of the main changes are in the table below.  If you want a one liner again then… … Continue reading

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