You have two businesses, one run by your company (VAT registered), the other as a sole trader (not VAT registered). Employees of the company also work for the other business. Can you share staff
costs between the businesses without incurring VAT?
Published 02.12.2020
Making gifts to your customers or suppliers to engender goodwill is nothing new. However, have recent changes to the VAT legislation created an opportunity to reduce your VAT bill on these?
Published 30.09.2011
Your new bookkeeper says that VAT for travel expenses you pass on to your clients has been handled incorrectly. He says standard-rate VAT should have been added even though travel costs are
zero-rated. Is he correct?
Published 21.12.2022
Your company has a contract to supply goods and services to a customer. A sister company will supply yours with the staff for the service part of the contract and charge you for their time. Does it
have to charge VAT on this?
Published 16.03.2018
Currently you pay your employees an allowance to buy equipment which they use for work. But a business associate says it’s more VAT efficient for you to buy the equipment and lend it to your staff.
Is this correct?
Published 10.12.2015
Your company bought some machinery for a particular project, but no longer has a use for it. If it transfers the equipment to you for personal use, will this trigger a VAT charge?
Published 26.06.2014
You’re breaking into mail and online orders as a way to boost sales and are in the process of creating a price list for your website. The price you charge for postage etc. needs to be to reflected in
this, but should you add VAT to it?
Published 08.12.2017
You’ve got some old stock and office furniture clogging up your storeroom. It may not be in mint condition but it’s too good to throw away. If you take it home to use, or your company gives it to
you, what will the Taxman say?
Published 04.03.2011
There have been recent changes to the rules affecting income tax and VAT where you pay for fuel etc. used by your employees for private journeys. What are these and how might they affect your
business?
Published 20.09.2012
When you registered for VAT you reclaimed all the VAT you could for goods and services you bought prior to registration. However, you’re about to sell an asset for which you weren’t entitled to
reclaim VAT. Should you add it to the sale price?
Published 22.05.2019