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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.

VAT Reverse Charge for International Services

If a UK business procures services from suppliers that are established overseas, usually VAT would not be charged by the overseas supplier. However, if the service is one that would attract VAT in the UK, the UK business is required to declare VAT at the relevant UK rate on the value of the supply as though it were the supplier. This principle is known as the “reverse charge”.

What Triggers a VAT Inspection?

A VAT inspection consists of HMRC getting in touch with or visiting your company to go through the VAT records. The purpose of this inspection, which consists of a series of compliance tests, is to make sure that the company is accounting for VAT correctly.

What are the advantages of being VAT registered?

Registering for VAT is compulsory if your business exceeds the VAT threshold of £85,000. This means that VAT is not just a concern for larger companies, so it is definitely worth weighing the advantages and disadvantages of VAT registration. Here, the experts at The VAT People outline the main advantages of being registered.

What is Input VAT (UK)?

You must register for VAT if your business has a taxable income exceeding £85,000 in a rolling 12-month period. Read more to learn about what qualifies as input VAT.

What is VAT?

Value Added Tax (VAT) in the European Union (EU) is a general, broadly based consumption tax that is assessed on the value added to goods and services. It applies to all goods and services that are bought and sold for consumption in the EU.