VAT Breaks
Five powerful VAT Breaks every month. See how much they could save you

July 2019

  • What is the new approach to import VAT?
    On 15 July 2019 HMRC is tightening the rules on reclaiming VAT on goods imported into the UK in some situations, namely where the goods are not owned by your business. What’s the full story and what do you need to do?
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  • How can you recover VAT on home costs?
    HMRC’s guidance appears to say that VAT incurred on the domestic costs of private property for a director cannot be reclaimed. However, this is not the case. What can you potentially reclaim and what evidence do you need to keep?
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  • Can you take advantage of a special scheme?
    Your business sells goods and is VAT registered. It has also started to let two residential properties, which is an exempt activity. You have been filing returns under the partial exemption rules but are concerned that you are missing out on VAT recovery. What can you do?
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  • Leaving a VAT group? Avoid paying someone else’s debts!
    Your company is currently in a VAT group with several others. However, you are looking to sell some of your shares which will mean a change of control occurs. How can you avoid a nasty trap?
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  • Tax breaks for traders of used goods
    A number of special VAT schemes are available to second-hand goods traders that can make VAT accounting more straightforward. However, there are a few things to be aware of when using these. What do you need to know?
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All the VAT Breaks sorted by year of publication