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Chapter-3 : VAT Recovery, Adjustments & Special Calculations
For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and replace quarterly returns with a...
Vat annual accounting – filing your return
For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and replace quarterly returns with a...
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Claiming back pre-trading vat costs
There are special rules that determine the recoverability of pre-trading VAT costs. Pre-trading VAT costs describe VAT that was incurred...
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Reclaiming pre-trading vat
There are special rules that determine the recoverability of VAT incurred before a business registered for VAT. This type of...
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Claiming vat on pre-registration purchases
Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after VAT registration. The rules differ...
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Know when to recover vat on entertainment expenses
When it comes to business entertainment expenses, understanding the treatment of Value Added Tax (VAT) is crucial for businesses operating...
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Vat treatment of road fuel costs
There are four options for the VAT treatment of road fuel costs. Treat all of the VAT as input tax...
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Vat road fuel scale charges
The new VAT road fuel scale charges applicable from 1 May 2025 to 30 April 2026 have been published. The...
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Vat recovery when leasing vehicles
The VAT treatment of motoring expenses is relevant to any business that incurs VAT on motor expenses. We have covered...
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How to navigate vat recovery when leasing business vehicles
How to claim work from home tax relief in the UK The world of VAT (Value-Added Tax) can seem complicated,...
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Vat recovery from car leasing payments
The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below,...
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When can you recover vat on a car purchase
Reclaiming VAT on company cars isn-t as simple as it sounds. Generally, businesses can-t recover VAT unless the car is...
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Vat capital goods scheme
The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of certain assets...
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Understanding vat bad debt relief
Struggling with unpaid invoices? If you've paid VAT to HMRC but never received payment from your customer, you may be...
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Vat – entertainment provided to directors and partners of a business
When considering VAT on entertainment provided solely to directors or partners of a business it is generally not recoverable as...
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Work out your vat fuel scale charge
VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account for output VAT when they...
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