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

September 2018

  • When a simple error leads to a penalty
    Have you ever thought about building your own house? If you take the plunge and make your dream a reality, there are VAT breaks available that can save you money, but you need to be careful with your claim. What do you need to know?
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  • Moving the VAT burden
    You might look to allocate shared costs between two or more businesses by using management charges. However, this can lead to an unexpected VAT charge. The good news is there’s a fairly simple way to avoid this.
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  • Saving VAT when you buy at auction
    If you are in the market for a commercial property, for example an office building, you could consider buying at auction. Not only can you save on the asking price, but you can potentially save considerable VAT too. How does this work?
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  • Avoiding accounting traps when using the cash basis
    The cash basis for VAT provides a simplified way of reporting, which is very useful when your time is precious. However, the way you prepare financial accounts can lead to discrepancies that in turn lead to VAT charges. What’s the issue?
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  • Can you claim VAT without a receipt?
    HMRC is fairly strict when it comes to paperwork where VAT is concerned. The general rule is “no VAT receipt, no VAT reclaim”. But there are exceptions and you could be missing out if you aren’t aware of them.
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All the VAT Breaks sorted by year of publication