When you are associated with the business world, you must have track of several businesses that get VAT inspection notifications every year. In the case of business owners who are really busy, this situation is quite alarming and stressful. This is because of the fact that this procedure brings in a lit of significant worry […]
Everything You Need to Know About VAT Inspection and Penalties Read More »
Are bank charges VATable in the United Kingdom? If this question confuses you when making tax returns, then we have covered you. Sometimes, employers get confused about the VAT when a bank charges them a fee for providing their services. Bank charges can vary from country to country. Similarly, the Value Added Tax (VAT) rates
Are Bank Charges VATable? Read More »
To help the hospitality and leisure industry recover from the impact of the first national lockdown, a reduced rate of VAT of 5% was introduced for a limited period from 15 July 2020. The reduced rate of VAT was originally to apply until 12 January 2021. However, in September last year, the Chancellor announced that
Reduced Rate of VAT Read More »
