by Mubashir | Sep 3, 2018 | Limited Company, VAT
Q: I am an IT consultant, operating through a VAT registered UK company. I am supplying consultancy services to another UK IT business. I have incurred hotel, travel and meal expenses, and charging these on to the company i am supplying services to. Can I treat these...
by Mubashir | May 25, 2018 | Limited Company, VAT
Business entertainment: Business entertainment is the entertainment provided by a business/company to people other than employees. An example of this is the entertainment provided to customers. If it is provided to employees of the company or if it is not provided...
by Mubashir | Feb 14, 2018 | VAT
VAT cannot be recovered on business entertainment expenditure. This includes the gratuitous provision to customers or clients of hotel accommodation, food and drink or tickets to events. If a director or employee entertains a customer or client whilst away from the...
by Mubashir | Dec 15, 2017 | Misc, VAT
VAT returns are made quarterly in the majority of cases, but there are monthly and annual schemes. You must file your VAT return online by the end of the month plus 7 calendar days of the period end. For example for a quarter ended in May, you must file your VAT...
by Mubashir | Oct 17, 2017 | Limited Company, VAT
The treatment of car motor expenses for VAT purposes can be quite complex. Car Leasing You are normally only permitted to reclaim 50% of the input tax for the cost of car leasing regardless of the price of the car. However this restriction does not apply if the...
by Mubashir | Nov 27, 2016 | Limited Company, VAT
The information provided in this article shows how you must account for VAT if you buy-in and re-sell travel facilities as a principal or an undisclosed agent (that is, acting in your own name). TOMS is the special name given to businesses that buy-in and re-sell...