This discussion is based on what is the VAT threshold. Value Added Tax (VAT) is an important tax in the UK that can have a significant impact on businesses of all sizes. In this discussion, we will explore the key concepts and rules that surround the VAT scheme in the UK. Including the VAT threshold, […]
What is VAT Threshold? Read More »
Is there VAT on train tickets? Well, train travel is an important mode of transport for many people in the UK, offering fast and convenient transportation to destinations across the country. However, while travelling by train can be a cost-effective and enjoyable mode of transport, it’s important to be aware of the potential tax implications,
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Can you claim VAT on staff entertainment? Well, staff entertainment can be an important part of a company’s culture, providing a way for employees to relax and connect outside of the office. While staff entertainment can have a positive impact on a company’s culture, in the UK, it can also have a positive impact on
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If you are looking for whether can you claim VAT on prepayments, you must know that a business’s VAT liability depends on the amount of sales and how the sales are made. VAT is calculated on the net sale price, which includes the sale price minus any VAT that has already been paid on inputs
Can You Claim VAT on a Prepayment? Read More »
VAT (Value-Added Tax) is a tax that is charged on goods and services sold in the UK. For businesses, VAT can be a significant cost, which can be difficult to manage if the VAT payments are due all at once. If you are wondering if can you pay VAT in instalments, the good news is
Can You Pay VAT in Instalments? Read More »
VAT returns and payments should be submitted to HMRC no later than seven days after the end of the month following the end of the VAT period. If the return and/or payment is late, it can result in the business entering either or both of the penalty regimes for late payments or late returns. If
Late VAT Returns: HMRC Changes Read More »
Let’s dive into the discussion about VAT on car parking in the UK. VAT, which stands for Value Added Tax, is a tax imposed on various goods and services, including car parking. It’s a way for the government to generate revenue and fund public services. VAT on car parking can have some drawbacks, such as
Is There VAT on Car Parking? Read More »
Are you tired of being overburdened and looking for ways to reduce the tax burden and be tax-efficient at the same time? In this guide, we will talk about how to make the most of your ISA contributions and dividend allowance to reduce your tax liability and maximise your investment returns. Strategies such as maximising
How to Reduce Tax Burden on Salary? Read More »
If you are struggling with a disability or you are aged more than the figure 60, the chances are that you might be paying too much in the form of VAT. VAT relief for the disabled is something that you must be aware of in this case. This guide is based on the frequently asked
How Do I Claim VAT Relief for Disabled? Read More »
Many of you must have experienced the intention to buy something useful for your business even when you are on a holiday abroad. This is because the product or service is something that you have been looking for a very long time but could not find in the UK. You decide to buy the product
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