Category: Value Added Tax

Health professionals providing medical services may be exempt from VAT if their work falls within their registered profession and primarily protects, maintains, or restores health. HMRC outlines

Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after VAT registration. The rules differ for goods and services, with time limits of 4 years for goods

Reclaiming VAT on company cars isn-t as simple as it sounds. Generally, businesses can-t recover VAT unless the car is used exclusively for business purposes. But there are exceptions—like

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse charge—special rules that mean sub-contractors no longer charge VAT on services but

The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of their total turnover, which includes VAT. The applicable percentage varies based on the business type. This scheme is

When approaching the VAT registration threshold there are important matters to consider. The VAT registration threshold is the point at which businesses must register for VAT with HMRC.

A business

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to consider regarding the recovery of input tax (VAT) when

There are special VAT reverse charge rules in place for certain building contractors and sub-contractors. These regulations, which came into effect on 1 March 2021, make the supply of most

The taxable turnover threshold for VAT registration is currently -90,000 and has applied since April 2024.

Businesses must register for VAT if they meet one of the following conditions:

At the end

There are special VAT rules that allow two or more companies or limited liability partnerships, commonly referred to as -bodies corporate-, to be treated as a single taxable person for VAT purposes

The VAT penalty regime that applies to the late submission and / or late payments of VAT returns changed for VAT return periods beginning on or after 1 January 2023. Under the new regime, there are

More details have been published regarding Chancellor Rachel Reeves’ plans to impose a VAT charge on private school fees. The government has said that the money raised by ending the tax breaks on VAT,

A new digital VAT registration tool has been launched by HMRC that can be used to help businesses work out the effects of registering for VAT.

The launch of the tool known as the VAT Registration

The VAT Annual Accounting Scheme is available to most businesses with an annual turnover of up to -1.35 million. Key benefits of the scheme include the obligation to file just one VAT return per year,

The VAT Import One Stop Shop (IOSS) Scheme applies to goods imported in consignments with a value of -135 or less (known as low value goods) from countries outside the EU and Northern Ireland, to

The taxable turnover threshold that determines whether businesses should be registered for VAT is currently -85,000. Businesses with turnover below this level can also apply for a voluntary VAT

In the UK most basic food stuffs are zero rated. However, the definition of ‘basic’ is not straightforward and many of the foods are zero rated as a result of historical legislation dating back to the