Eat Out to Help Scheme - Should you be paying VAT on the full bill?

August 05, 2020 | by Sian Kelly | No comments

You’re running a restaurant and will be registering for the Eat Out to Help Out Scheme, where you can claim back the 50% discount offered to customers for supplies made on Mondays to Wednesdays between 3rd August and 31 August 2020.

As you are offering a discount to customers on their bill, does this mean you only pay VAT to HMRC on the discounted amount?

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VAT and fuel costs on electric cars

July 23, 2020 | by Sian Kelly | No comments

If you’re looking to buy a new car, then you’ve probably also been looking at the option of purchasing a fully electric car. However, don’t get caught out by the common misconception that you will be able to claim back VAT in full on your purchase.

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Reduced rate VAT for the hospitality and tourism sector

July 16, 2020 | by Sian Kelly | No comments

Last week the government announced that it would introduce a temporary 5% reduced rate of VAT for certain supplies in the hospitality and tourism sectors.

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Missed your VAT deferral? You may be able to claim it back...

June 15, 2020 | by Sian Kelly | No comments

HMRC have revealed that where taxpayers wanted to defer their VAT payment falling between 20 March 2020 and 30 June 2020 but failed to cancel their Direct Debits before payment was taken by HMRC, they can now claim a refund.

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How, when and why your business needs to register for VAT...

October 17, 2019 | by Sian Kelly | No comments

Most business owners already know the threshold for compulsory VAT registration is a taxable annual turnover of £85,000 - but there is often confusion over exactly what counts towards this figure, and how and when a business should register.

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How will a ‘No Deal’ Brexit affect EU trading?

September 10, 2019 | by Sian Kelly | No comments

Britain is due to leave the EU on 31 October 2019, “no ifs or buts” according to Boris Johnson. So how will a no deal Brexit affect UK businesses that are trading with countries in the EU?

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