FLAT RATE SCHEME
The flat rate scheme simplifies VAT reporting and reduces your administrative burden. It can also save you money. How could changes announced in the Autumn Statement 2016 affect this?
OUTPUT VAT - RENTAL BUSINESSES
If you operate a property rental business, you may charge your tenants a service charge in exchange for you maintaining the property, but when is VAT due on such charges?
If your business is classed as partially exempt, there are some things you can do to improve your VAT recovery, and therefore save your business money. What are they?
When a business starts up it can often incur considerable costs before it actually starts to trade. Can it register for VAT and recover these costs before it begins trading? What do the rules allow?
Companies in a group providing management services to other group companies can inadvertently incur VAT in some circumstances where losses are surrendered. What do you need to know?
RECORD KEEPING REQUIREMENTS
Once registered for VAT, HMRC expects you to maintain a good standard of business records. What standard do you need to meet and how long do you need to keep records for?
NEW VAT PUBLICATIONS