VAT - Input VAT (VAT on purchases)

Recently added Tips & Advice

PARTIAL EXEMPTION - 08.05.2024

Partially exempt: how do you apportion phone costs?

Your business is partially exempt, and you pay both the call and line rental costs for employees who use a mobile phone for business purposes. How much can you claim each quarter on the bills?
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CONNECTED PARTIES - 26.03.2024

Family loyalty: is your generosity causing a VAT problem?

A close relative has set up a new business that is not VAT registered. To help, you have agreed to pay their supplier of advertising services all costs for one year and claim input tax on your own returns. Has your generosity created a connected party problem?
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VAT - 18.03.2024

Leasing cars - what are the VAT pros and cons?

You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
Read more

VAT - 08.02.2024

Reclaiming VAT on EU business trips

Your staff regularly travel to mainland Europe for conferences and to visit suppliers. When the UK was part of the EU, it was relatively easy to claim back EU VAT on travel costs but the process is much more difficult now. How do you make a claim?
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VAT - 06.02.2024

Personal ownership of business premises - VAT problem?

Your business is moving and you’re thinking of buying the new premises in your personal name, but there’s a possible drawback. Might personal ownership prevent recovery of VAT on costs relating to maintenance and improvement of the property?
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NOT-FOR-PROFIT ORGANISATIONS - 04.01.2024

Is VAT payable on charity donations to plant trees?

A subscriber is the trustee of an environmental charity. A fundraising appeal is asking for donations from supporters. One tree will be planted in a city centre for each £20 donation. Are the donations subject to VAT as a supply of services?
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VAT - Input VAT (VAT on purchases)

Most read Tips & Advice

VAT - 18.03.2024

Leasing cars - what are the VAT pros and cons?

You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
Read more

CONNECTED PARTIES - 26.03.2024

Family loyalty: is your generosity causing a VAT problem?

A close relative has set up a new business that is not VAT registered. To help, you have agreed to pay their supplier of advertising services all costs for one year and claim input tax on your own returns. Has your generosity created a connected party problem?
Read more

PARTIAL EXEMPTION - 08.05.2024

Partially exempt: how do you apportion phone costs?

Your business is partially exempt, and you pay both the call and line rental costs for employees who use a mobile phone for business purposes. How much can you claim each quarter on the bills?
Read more

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