Blog Posts

VAT

Free online resources, tools and guides to VAT. Learn more about when you must register for VAT (and when you might want to register voluntarily), as well as the VAT rates and thresholds. Get help with when and how to submit your VAT return, as well as with the different types of VAT schemes and processes, including the Flat Rate Scheme, VAT MOSS, postponed accounting, the Annual Accounting Scheme, import VAT, and more.

UK Tax Rates, Thresholds and Allowances for the Self-Employed

UK Tax Rates, Thresholds and Allowances for the Self-Employed

Read our guide to the current UK tax rates and thresholds affecting sole traders, limited companies, partners and partnerships, employers, and...

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What Happens If I Do Not Register for VAT Once I Exceed the Threshold?

What Happens If I Do Not Register for VAT Once I Exceed the Threshold?

A business must register for VAT once its taxable turnover reaches or goes higher than the VAT registration threshold of in...

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The Different Types of VAT Accounting Schemes

The Different Types of VAT Accounting Schemes

If you need to register for VAT you might assume there’s only one way to manage it, but there are actually...

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How Could Registering for VAT Affect My Pricing?

How Could Registering for VAT Affect My Pricing?

VAT is an extra amount which VAT-registered businesses need to charge on taxable sales, so registration can impact your fees and...

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Can I Reclaim VAT After I Cancel my VAT Registration?

Can I Reclaim VAT After I Cancel my VAT Registration?

Good news! You may still be able to claim back VAT for a period of time, even after you deregister for...

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A Guide to the VAT Annual Accounting Scheme

A Guide to the VAT Annual Accounting Scheme

Businesses which register for VAT will normally make VAT submissions four times a year, but the rules are a bit different...

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The VAT Jargon-Buster for Businesses

The VAT Jargon-Buster for Businesses

VAT isn’t the simplest thing to get your head around, and at times the terminology makes it seem more complex. To...

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Option to Tax: Waiving the VAT Exemption on Land Or Property

Option to Tax: Waiving the VAT Exemption on Land Or Property

Renting out or selling commercial property or land is usually automatically exempt from VAT, but you may be able to waive...

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What is the VAT Reverse Charge?

What is the VAT Reverse Charge?

The VAT reverse charge means the responsibility for reporting and paying VAT on cross-border sales moves from the supplier to the...

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Can I Reclaim VAT on Fuel my Business Uses?

Can I Reclaim VAT on Fuel my Business Uses?

You may be able to claim back the VAT your business pays on vehicles and the fuel they use. As you...

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How Do I Cancel My VAT Registration?

How Do I Cancel My VAT Registration?

You can de-register for VAT online, or you can submit a VAT7 form to HMRC through the post to cancel your...

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Do I Need to Have A Limited Company to Register for VAT?

Do I Need to Have A Limited Company to Register for VAT?

The simple answer is no, you don’t need to be operating a limited company in order to register for VAT, or...

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