Residential properties benefit from the 5% reduced VAT rate on fuel and power, but so can some businesses and charities. Who can potentially qualify and are there any conditions?
Fuel and power
The usual position is that ..
HMRC recommends that you verify your customers' or suppliers' VAT numbers, but what is the best method of doing this, and what are the consequences of not doing so?
When a business obtains a new ..
If HMRC makes an error and your business suffers as a result, it is possible to claim interest. So, how do you go about making a claim?
In certain circumstances HMRC can make a mistake ..
If you are thinking of selling your business, the options are to either sell the shares or the trade and assets, but what are the VAT consequences of these alternatives?
It's time to sell
Selling a business ..