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Tag: VAT

Alextra Accountants
VAT Registration – Sooner Or Later?
Once a business is up and running, the next major administrative area to be faced often concerns the subject of VAT. At first glance, it looks complicated – not to mention time-consuming – particularl...
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Alextra Accountants
HMRC Miscalculate Number Of Small Firms Affected By New...
HMRC miscalculated the number of small firms affected by the new EU VAT rules by more than 10,000%, according to a report by Enterprise Nation. New EU rules were introduced in January 2015 that requir...
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Alextra Accountants
VAT Benchmarking
HMRC are currently writing to around 7,500 furniture retailers and car repair businesses asking the owners to check the figures reported on their VAT returns. If you receive one of those letters, don’...
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Alextra Accountants
VAT Is Due On Clothing Given To Employees
The high street retailer French Connection has recently lost a case before the Tribunal concerning whether or not VAT is due on the supply of clothes to their employees. The retailer required employee...
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Alextra Accountants
Recharged Expenses – Are You Charging Too Much VAT?
A customer recently returned your bill saying that you had incorrectly added VAT on expenses you incurred in providing your services. He says he won’t pay your invoice until you correct it. Is he righ...
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