In depth
VAT
Technical commentary on the issues affecting owner managed businesses, property investors and professional intermediaries.
Reduced VAT on Long stay accommodations – avoid these mistakes with the 28 day rule.
Are you running hotel, inn, boarding house, or similar establishment which provides long stays? Or maybe you do accounting and VAT returns for such a business? Then it…
Read more →Beyond the return: what a late VAT payment really costs, and when an excuse will hold.
For most of us, submitting a client’s VAT return feels like the moment the work is done. Two First-tier Tribunal decisions released on the same day, Long Life…
Read more →HMRC Confirms temporary 5% VAT rate for children’s meals and family attractions.
HMRC has published Revenue & Customs Brief 5/26 confirming a temporary reduced VAT rate of 5% for certain children’s meals, children’s admission tickets and qualifying family attractions. Subject…
Read more →Can a VAT expert improve your business cash flow?
Cash flow is king for any small business. Can a good tax accountant actually help improve your cash flow? Here is a real example from a client story.…
Read more →Claim Back VAT on New Builds & Conversions.
potentially saving thousands. Many homeowners and self-builders don’t realise that HMRC’s DIY House builder Scheme allows VAT refunds on eligible materials. What’s Covered? What’s Not Covered? How to…
Read more →Private Schools: Can You Reclaim VAT?
correct invoicing and fee structures. Mistakes in bundling fees, handling deposits, and contract wording could lead to unexpected VAT liabilities. Getting it wrong could mean financial losses or…
Read more →Private Schools: Are You Charging VAT Correctly?
incorrect invoicing and fee structures. Mistakes in bundling fees, handling deposits, and contract wording could lead to unexpected VAT liabilities. Getting it wrong could mean financial losses or…
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