Earlier in 2019 HMRC clarified its view of a business’s right to reclaim VAT on mixed sponsorship and donation payments. How does this change what you can and can’t reclaim…
Capital allowances You bought used machinery from another trader who agreed to accept payment over six months. Most of the cost falls into your next financial year, but as you’re…
You’re sprucing up the general areas of your business premises including installing some fancy art. Can you reclaim the VAT? VAT on purchases Most purchases made by your business will…
You use HMRC’s approved benchmark rates when you pay your employees for subsistence when they travel for work. The trouble is, if you follow HMRC’s latest advice you may be…
By now, it is likely you’ve heard about the Making Tax Digital (MTD) for VAT regulations, coming into effect from 1st April this year. This forms part of the UK government’s…