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 Sep 2025

'More must be done' to reform Lifetime ISAs

The Treasury Committee has stated that the government has 'not heeded warnings' that the Lifetime ISA requires reform.

11 Sep 2025

The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).