Key Guides

  • vat cash accounting scheme

    What is the VAT cash accounting scheme?

    Many small businesses benefit from using VAT Cash Accounting Scheme. Rather than repaying HMRC for VAT your have invoiced for, but not yet received from customers, you only need to account for VAT when you…

  • vat limited company sole trader

    Guide to Value Added Tax (VAT) for small businesses

    VAT is something that many new business owners overlook. Many assume that it doesn’t apply to them – surely it’s just for the bigger businesses out there? That may be true most of the time,…

  • How to check if a VAT number is valid

    How to check if a VAT registration number is valid

    If you are dealing with a new customer or supplier and want to check whether the VAT registration number (VRN) they have supplied is valid, there are two ways you can do so.

  • Top 10 VAT Tips for small businesses

    Here are some tips to help small businesses keep on top of their VAT responsibilities – from choosing the right VAT scheme in the first place, to avoiding getting on the wrong side of HMRC.

  • The Flat Rate VAT scheme & the Limited Cost Trader test

    VAT is one of the more complex accounting practices you’ll have to undertake as a business, which is why it can help to make it as simple as possible. The Flat Rate VAT scheme does…

  • VAT registration – when should you register for VAT?

    Your business should register for VAT if your “taxable supplies” over the past 12 months has exceeded the VAT registration threshold.

  • Small business VAT pitfalls you should be aware of

    If you are registered for VAT, have to file a VAT return in the near future, or are concerned about putting the wrong amounts on your VAT return, here are 5 VAT traps to watch…

  • covid deferred tax

    21 costly VAT mistakes businesses make on their VAT Returns

    Is a Jaffa Cake a biscuit or a cake? Now if you think this is some playground joke, think again. This is a real question that judges were asked to consider in a landmark VAT…