To reclaim VAT on expenses you need –
- Full VAT invoices for most transactions
- Modified invoices for retail supplies over £250
- Simplified invoices for any purchases under £250
Bookkeeping & Accounts. Keighley, West Yorkshire.
To reclaim VAT on expenses you need –
Making Tax Digital (MTD) is part of the Government’s plan to make the UK tax system “more effective, more efficient, easier for taxpayers to get their tax right”. The main points to note are:
Continue reading “What Is Making Tax Digital?”As a business owner you should know when you need to register for VAT with HM Revenue and Customs (HMRC). You should also understand the pros and cons of registering voluntarily for VAT if you’re below the current ‘VAT threshold’.
Continue reading “To Register or Not Register? VAT is the question”