Running a business:
VAT
The basic issues that a business needs to consider relating to VAT are whether you should be registered for VAT and the basics of accounting for VAT. We consider the following issues:
- What is VAT?
- Should I be registered for VAT?
- Should I register for a VAT accounting scheme?
- VAT records
- Tax point
- Why you need to pay your VAT on time
Some of the issues that we are often asked about are discussed below:
- Entertaining and travel expenses
- Bad debt relief and late payers
- Partial exemption
- Correcting errors
- Group and divisional registration
Other areas that come up less frequently, but are very important if they do apply to you, are:
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Where next?
Within VAT ...
- What is VAT?
- Should I be registered for VAT?
- Should I register for a VAT accounting scheme?
- VAT records
- Tax point
- Why you need to pay your VAT on time
- Entertaining and travel expenses
- Bad debt relief and late payers
- Partial exemption
- Correcting errors
- Group and divisional registration
- Land and buildings
- When might I have to repay input VAT?
Within Running a business ...
- Accounting systems
- Financial information
- Your business premises
- Remuneration
- Business risks
- PAYE
- Business taxes
General ...
