Factsheets

This section contains a wealth of useful business, tax and financial information – contact us for help and advice specific to your circumstances.

VAT

VAT is one of the most complicated areas of tax. We can advise you on choosing the right scheme and other key VAT issues.

Recovering VAT on staff expenses

How to reclaim VAT on supplies made to your employees.

VAT - a summary

A general overview of the principles of VAT.

VAT - annual accounting scheme

The annual accounting scheme helps small businesses by allowing them to submit only one VAT return annually rather than the normal four.

VAT - bad debt relief

The conditions and requirements of claiming VAT relief on bad debts.

The VAT flat rate scheme for small businesses potentially reduces the administrative burden imposed when operating VAT. Under the scheme, a set percentage is applied to the turnover of the business as a one-off calculation instead of having to identify and record the VAT on each sale and purchase you make. This factsheet explains how the VAT Flat Rate Scheme works.

VAT - how to survive the enforcement powers

Making sure you comply with the rules.

VAT - seven key points for the smaller business

This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help to minimise penalties.