Category Archives: Value Added Tax

TOGC overview

TOGC overview

6th December 2021 Posted by -

The transfer of a business as a going concern (TOGC) rules cover the VAT liability on the sale of a business. Normally the sale of the assets of a VAT

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Business advice Burton on Trent - VAT and Business Gifts

VAT and business gifts

26th November 2021 Posted by -

In general, VAT does not have to be accounted for on business gifts to the same person as long as the total cost of the gifts does not exceed £50 (before […]

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Alexander Accountancy VAT experts Burton upon Trent

VAT Business Test

19th November 2021 Posted by -

There are a number of conditions that must be satisfied in order for an activity to be within the scope of UK VAT. One of the conditions that needs to […]

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VAT reverse charge and the flat rate scheme

VAT reverse charge and the flat rate scheme

10th November 2021 Posted by -

There are special VAT rules for building contractors and sub-contractors that came into effect on 1 March 2021. The new rules make the supply of most

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VAT Margin Scheme bad debt relief

VAT Margin Scheme bad debt relief

28th October 2021 Posted by -

The VAT bad debt relief rules allow businesses to claim bad debt relief and reclaim the VAT they have paid to HMRC. This can happen when an invoice

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What goods are eligible for the margin scheme?

What goods are eligible for the margin scheme?

22nd October 2021 Posted by -

There are a few VAT margin schemes. The margin schemes work by allowing qualifying businesses to account for VAT on their profit margin i.e., on the

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Hospitality trades temporary reduction in VAT has expired

Hospitality trades temporary reduction in VAT has expired

11th October 2021 Posted by -

The temporary reduced rate of 5% for hospitality, holiday accommodation and attractions that came into effect in July 2020 ended on 30 September

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Completing a One Stop Shop VAT return-Burton on Trent

Completing a One Stop Shop VAT return

6th October 2021 Posted by -

HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has been updated. The special VAT return should only be completed […]

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