VAT ON FOOD AND DRINK IN THE UK
When it comes to food and drink, these are usually zero rated but some items are standard rated. These include catering, alcoholic drinks, soft drinks,… Read More »VAT ON FOOD AND DRINK IN THE UK
VAT Questions
WHAT IS VAT?
VAT (V.A.T) or value added tax is a tax levied on most goods and services provided by VAT registered businesses. The UK’s standard rate of… Read More »WHAT IS VAT?
HOW TO DEREGISTER FOR VAT
When you’re no longer eligible to be VAT registered by falling below the deregistration threshold of £83,000 or you’re no longer trading, you must cancel… Read More »HOW TO DEREGISTER FOR VAT
WHEN TO REGISTER FOR VAT
A business must register for VAT if its taxable turnover for any consecutive 12 month period exceeds the VAT registration threshold, currently this threshold is… Read More »WHEN TO REGISTER FOR VAT
CAN I RECLAIM VAT ON MY BUSINESS EXPENSES?
You may be able to reclaim VAT if goods or services had been purchased for use in your business, for example, you can reclaim VAT… Read More »CAN I RECLAIM VAT ON MY BUSINESS EXPENSES?