This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

VAT guidance updated
01 July 2015

HM Revenue & Customs (HMRC) has updated its guidance on how to keep VAT records.

The guidance, issued on 22 June, replaces the edition published in December 2007. As well as correcting out of date information, the publication includes new guidance on issuing VAT simplified invoices by businesses other than retailers.

Topics covered in the guidance also include:

what records must be kept and for how long
keeping a VAT account
filling in a VAT return
VAT invoices, including invoices to other European Union member states.

Link: The updated guidance

Other recent news

Employee Ownership Trusts – Your key to a tax-efficient exit?
11 December 2024

If you are looking to plan your exit from your…
Read more

Are you claiming the right office-based expenses?
11 December 2024

Claiming allowable expenses when calculating taxable profit as a self-employed…
Read more

I am unable to pay my Income Tax bill – What can I do?
11 December 2024

Sometimes, paying your tax bill on time can be difficult…
Read more

What is the most tax-efficient salary choice for you after the Budget?
11 December 2024

Directors have the ability to draw income from a business…
Read more

Should you buy a double cab pickup before April?
11 December 2024

If you are a sole trader or small business owner…
Read more

»

Case Studies