The introduction of Making Tax Digital will see the end of a separate VAT return. What will you need to do instead?
OPTION TO TAX
If you own commercial properties it’s important to opt to tax at the right time to avoid arguments with HMRC and possible loss of input tax. What are the key points to remember?
If the partial exemption standard method doesn’t suit your business, you can apply for a special method. But obtaining one can be time consuming and difficult. What do you need to do?
When your business is nearing the VAT registration threshold you will need to consider what income is included in its turnover for registration purposes. What income can you ignore?
There are special rules for businesses that do work on other people’s goods before returning them to an overseas customer. What are they and how can they affect your business?
When drafting a contract it is very important to consider the wording of VAT clauses or you could find yourself with a large unexpected bill. How can you ensure that this doesn’t happen?
NEW VAT PUBLICATIONS