Could your business recover more VAT?

Could your business recover more VAT?

by | Jul 16, 2026 | Value Added Tax

If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business purposes. However, many businesses fail to claim everything to which they are entitled  and may be able to recover more VAT. You can normally...
Do you know who must register for VAT?

Do you know who must register for VAT?

by | Jul 16, 2026 | Value Added Tax

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration threshold is currently £90,000. The threshold applies to the value of...
VAT – opting to tax property

VAT – opting to tax property

by | May 28, 2026 | Value Added Tax

The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings as taxable rather than VAT exempt. Once an option to tax is made, supplies in relation to that property are generally subject to VAT at the standard...
VAT Cash Accounting

VAT Cash Accounting

by | May 21, 2026 | Value Added Tax

The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers actually pay invoices, rather than when invoices are issued. This can be particularly beneficial for businesses that offer credit terms or...
Reclaiming VAT on car leasing costs

Reclaiming VAT on car leasing costs

by | May 14, 2026 | Value Added Tax

Businesses that lease cars often assume they can recover all of the VAT charged on car  leasing payments. In practice, the rules are more limited. Where a business leases a qualifying car, HMRC normally only allows 50% of the VAT on the leasing charges to be...