Value Added Tax

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Using the VAT Flat Rate scheme, businesses pay VAT as a fixed percentage of their VAT inclusive turnover. The actual percentage used depends on...

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The UK was unable to zero rate VAT on women’s sanitary products under EU rules and the items were subject to 5% VAT. Following the end of the...

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The process for working out the VAT treatment of delivery charges can be quite complex. We have listed below some of the main issues to bear in...

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Where an error on a past VAT return is uncovered, businesses have a duty to correct the error as soon as possible. As a general rule, any...

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The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020...

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The VAT system is policed by HMRC who can and do levy penalties for breaches of the legislation. There are four conditions that must be satisfied...

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The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a business. Normally the sale of the assets of...

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The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020...

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HMRC has published a new Revenue and Customs Brief on the VAT treatment of early termination fees and similar compensation payments following...

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A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This means that the business is...

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HMRC has updated its guidance on the VAT partial exemption treatment relevant to businesses who supply goods by way of hire purchase agreements. A...