Value Added Tax Archives - Page 5 of 8 - Elver Consultancy Chartered Accountants Wigan

29 Jan

Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses. They pay VAT at a reduced rate (5%) or...

09 Jan

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as...

19 Dec

HMRC has published what appears to be the final online quarterly edition of VAT notes which includes a summary of recent changes to...

12 Dec

A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges has recently been published by HMRC. The brief...

12 Dec

The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses with a turnover above...

12 Dec

There are three main special VAT schemes available to small businesses. These are the flat rate scheme, the annual accounting scheme, and the...

05 Dec

The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business...

28 Nov

The VAT Flat Rate Scheme (FRS) has been designed to simplify a way a business accounts for VAT, and in so doing reduce...

22 Nov

HMRC has begun a letter writing campaign to remind businesses that the way they keep VAT records and submit their VAT returns is...

22 Nov

The VAT DIY Housebuilders scheme is a special scheme, enabling homeowners building a home to benefit from the special VAT rules that allow...