Insights from VAT Experts: Q&As with Accountants and Consultants on VAT Best Practices
Value Added Tax (VAT) compliance is filled with intricacies that businesses without specialized tax expertise may struggle with. To provide first-hand advice…
Top VAT Training Resources: Online Courses, Books and More for Mastering VAT Basics
Value Added Tax (VAT) forms a significant part of tax compliance for businesses across the UK. For finance teams without extensive VAT…
VAT Schemes in the Gig Economy: Rules and Criteria for Charging VAT on Freelance/Contractor Work
The gig economy comprising independent contractors and freelance workers has rapidly grown in recent years. However, VAT compliance for gig work can…
Correcting VAT Return Errors: How to Amend and Resubmit a VAT Return That Contains Mistakes
Making mistakes on VAT returns is common, but correcting errors as soon as they are discovered is crucial for avoiding penalties. This…
VAT Audits: What to Expect – Guide on what happens during a VAT/tax audit and how to prepare
Value Added Tax (VAT) audits can seem intimidating for businesses that have never gone through the process before. However, being prepared and…
Voluntary VAT Registration: When and Why a Small Business Below the Threshold Would Register
Value Added Tax (VAT) is a tax on the consumption of goods and services in the UK. It is collected by VAT-registered…
Minimizing Double Taxation – Tips on avoiding situations where VAT is charged twice on the same supply
In today’s interconnected global economy, businesses often face challenges related to double taxation, particularly in the context of Value Added Tax (VAT)….
Demystifying VAT Rules for Vouchers and Discounts
In the ever-evolving landscape of commerce, businesses are constantly exploring innovative ways to attract and retain customers. Vouchers, coupons, and loyalty points…
Using VAT to Compete on Price – Ways Businesses Can Build VAT into Pricing to Stay Competitive
In today’s dynamic business landscape, staying competitive is paramount for success. One often overlooked yet powerful tool in a business’s arsenal is…
Guide to VAT Refunds for Tourists in the UK
Value Added Tax (VAT) is charged on most goods and services in the UK. While this tax is ultimately borne by consumers,…