Documents related to 'Flow chart - reclaiming preregistration VAT'
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Flow chart - VAT bad debt reliefIf you make supplies of goods or services to a customer but are not paid in full or in part, you may be able to claim a reduction in your VAT bill under the bad debt relief rules.Flow chartThe Flow Chart - VAT Bad Debt... Read more
15 Dec 2020
Flow chart - VAT deregistrationYou may be required to deregister for VAT or circumstances may allow you to do so. It can be favourable to remain registered or the opposite can be true. Either way it is important to understand what your options are in... Read more
15 Dec 2020
Flow chart - reclaiming additional stamp duty land tax If you own a residential property and purchase another, you must usually pay the stamp duty land tax (SDLT) additional charge (also called the higher rate or supplementary charge). If the new pro... Read more
20 Oct 2021
Flow chart - VAT registrationEvery business or organisation that makes taxable supplies of goods or services in return for consideration is entitled to or must register for VAT. Once registered the business etc. must add VAT to the amount it charges ... Read more
15 Dec 2020
VAT voluntary disclosure of error letterIf you discover an error on a VAT return, you will need to correct it. In most cases this can be done simply by amending your next return, but where the error results in an increase in your VAT liability you sh... Read more
22 Mar 2018
Flow chart - VAT Construction Industry Scheme reverse charge The VAT Construction Industry Scheme reverse charge applies to building and construction services supplied from 1 March 2021. Thereafter, customers covered by the scheme must account for th... Read more
15 Dec 2020
Purchase orderA purchase order is literally what it says; an order is placed to buy a product or service. It's sensible to always use a purchase order because it reduces the chance of misunderstandings over what has been purchased. PurposeIn addit... Read more
04 Jul 2016
Flow chart - trivial benefits exemptionThe trivial benefits exemption allows employers to make low value gifts and provide tax and NI-free perks to employees, directors and their families. Naturally, there are conditions but these have been made more... Read more
15 Dec 2020
VAT invoice checklistVAT regulations require that all registered businesses issue invoices which contain various pieces of information and details.Valid VAT invoicesIf you are registered for VAT, valid invoices are important for two main reasons:you ... Read more
28 Jan 2015
