12 Feb 2017
If you are in business, VAT is something you will have to address, whether you are registered or not. VAT...
12 Jan 2017
Inputs are purchases, so input tax is VAT on purchases which you are allowed to reclaim. It is, of course...
The Cash Basis For Small Business
HMRC have introduced a new cash basis of accounting for small busine...
by Les Howard
The rapid growth of the internet coupled with the European Single Market means that many b...
Outputs are sales, and output tax is VAT due on sales. The standard VAT rate is 20%, which ap...
HMRC have a number of special VAT schemes which are designed to reduce administration, but can also reduc...
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