Business VAT

VAT – SHOULD YOU BE USING THE FLAT RATE SCHEME?

Many businesses register for VAT without thinking any further about possible options, for example - should you be using the "Flat Rate Scheme"
Many businesses register for VAT without thinking any further about possible options, for example - should you be using the "Flat Rate Scheme"
Many businesses register for VAT without thinking any further about possible options, for example - should you be using the "Flat Rate Scheme".

When is your VAT payment due?

A timely reminder about a useful little tool on HMRC website that is worth checking out - from Eve Wickenden

VOUCHERS - When is VAT due?

If a company is selling a voucher to be redeemed at a later date, the rules previously was that the vat would be charged at the date of redemption - by Katy Biffen

Storage of Goods - VAT treatment

A surprising and slightly confusing change was made on 1st October 2012 with regards to whether to charge vat on storage of goods. One of the rules imposed by HM Revenue and Customs was ‘Letting of facilities to a person for the storage by them of goods, except live animals, is subject to a standard rate of vat’

HOT TAKEAWAY FOOD

Late last year there was a lot of activity in the media regarding the sale of hot takeaway food.

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