VAT

This section contains introductory guides to the often very complex area of VAT.

Advantages and disadvantages of VAT grouping.

How to reclaim VAT on supplies made to your employees.

A general overview of the principles of VAT.

A guide to the annual accounting scheme.

The conditions and requirements of claiming VAT relief on bad debts.

A guide to the cash accounting scheme.

Key actions to take and traps to avoid.

A guide to the simplified scheme for small businesses.

Making sure you comply with the rules.

12 Jun 2026

UK economy contracts due to Middle East conflict

The UK's economy contracted by 0.1% in April due to the impact of the war in Iran, according to data from the Office for National Statistics (ONS).

11 Jun 2026

Employers are being urged to implement clear policies on staff time off, sickness absence, and flexible working as the World Cup gets underway.