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VAT BASICS - REGISTRATION, RETURNS & PENALTIES

12 Feb 2017 0 comments

If you are in business, VAT is something you will have to address, whether you are registered or not. VAT...

VAT JARGON: PURCHASES - INPUT TAX

12 Jan 2017 0 comments

Inputs are purchases, so input tax is VAT on purchases which you are allowed to reclaim. It is, of course...

Accounts & Tax NEWS

MAKING INCOME TAX SIMPLE

bizitalk109 May 20170 comments

The Cash Basis For Small Business HMRC have introduced a new cash basis of accounting for small busine...

VAT – CROSS-BORDER ISSUES

bizitalk130 Mar 20170 comments

by Les Howard The rapid growth of the internet coupled with the European Single Market means that many b...

VAT JARGON: SALES – OUTPUTS AND OUTPUT TAX

bizitalk101 Mar 20170 comments

VAT Advice Outputs are sales, and output tax is VAT due on sales. The standard VAT rate is 20%, which ap...

VAT JARGON: MAKING LIFE A LITTLE EASIER – VAT SCHEMES

bizitalk102 Jan 20170 comments

HMRC have a number of special VAT schemes which are designed to reduce administration, but can also reduc...

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