Splitting a business to save VAT
The artificial separation of businesses (also known as disaggregation) happens when a business with two or more activities (for a public house this could be the sale of drinks and
VAT when business transferred as a going concern
The transfer of a business as a going concern (TOGC) rules concern the possible VAT liability resulting from the sale of a business. Normally the sale of the assets of a VAT
What are VAT special schemes?
There are three main VAT schemes available to small businesses:
The flat rate scheme
The annual accounting scheme
The cash accounting scheme
The Flat Rate Scheme
The purpose
VAT rules for retailers using online marketplaces
Under new rules that came into force last year, HMRC has the power to force overseas retailers to appoint a UK-based VAT representative or to provide a financial guarantee. These
Autumn Budget 2017 – VAT registration and deregistration thresholds
The taxable turnover threshold, that determines whether businesses should be registered for VAT, will be frozen at £85,000 for 2 years from 1 April 2018. The taxable turnover