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Advice Hub

Our expert VAT consultants are always looking for ways to improve the training and advice they give. This advice hub is packed with the latest articles and news about VAT, hints and tips for accountants and businesses, blogs, infographics and all kinds of other useful content about VAT.

For more information about anything here, or to talk to our expert team, call our free helpline on 0161 477 6600 or use our contact form and we will get back to you.

Customs – Determining Commodity Codes

When a business imports or exports goods, a ‘commodity code’ (also known as HS code or Tariff code), which is a means of classifying goods for import/export purposes, is required to be included on the customs paperwork.

What is output and input VAT?

The VAT People can help businesses with all aspects of VAT, including output tax and input tax-related issues. Here, we take a closer look at these concepts, explain the differences between them and discuss what they mean for your business.

Best Software for Making Tax Digital

From April 2022, if you are a VAT registered business, you should be compliant with the MTD scheme. This includes submitting VAT returns using MTD-friendly software. We can help you calculate your VAT and recommend the best digital tax software for making tax digital.

VAT Opportunities for Charities

HMRC are not very charitable when it comes to charities and take the same stance with regards to VAT accounting errors as they do with any other entity. This was demonstrated in a recent HMRC campaign aimed at identifying small charities with a turnover of less than £1,000,000 that had incorrectly recovered input VAT on relevant costs.

Understanding VAT in Construction Projects

Value Added Tax (VAT) is a crucial aspect of financial planning and management in the UK construction industry. VAT is applied to a wide range of activities, including the supply of building materials and construction services. Understanding how VAT is charged in construction allows for accurate budgeting and financial compliance.

Penalties for VAT fraud

The qualified VAT experts at The VAT People can offer advice and support to ensure that businesses are compliant with VAT regulations.