VAT

Essential VAT issues.

This section contains introductory guides to the often very complex area of VAT.

A general overview of the principles of VAT.

Key actions to take and traps to avoid.

A guide to the cash accounting scheme.

A guide to the annual accounting scheme.

A guide to the simplified scheme for small businesses.

The conditions and requirements of claiming VAT relief on bad debts.

Making sure you comply with the rules.

How to reclaim VAT on supplies made to your employees.

Advantages and disadvantages of VAT grouping.

01 Apr 2026

Tourist tax would hit consumers with £1.6 billion tax rise

The government's proposed tourist tax would constitute a £1.6 billion tax increase for holidaymakers, according to analysis by Oxford Economics.

31 Mar 2026

Small businesses are to be backed by new, stronger measures to tackle late payments, the government has announced.

30 Mar 2026

The government has confirmed it will review approved mileage rates for business users ahead of a future Budget.