vat

  1. T

    VAT refund on a used Van on first VAT return. Any issues with doing so?

    I am starting a small B2B IT service company which I will require a company van. I don't expect to be a big company and the services I provide are quite niche/bespoke. I want to become VAT registered as it will allow me to get VAT refunds on large purchases I need to make, such as a company van...
  2. agavril

    VAT and Expenses question

    Hi guys, I would need some advice, on 2 topics. I am interested in opening an UK LTD company. I live in Italy and already have the business established here. Basically, I am buying luxury goods from Italy and selling them in SE Asia passing thru Hong Kong. As the taxes are killing me in Italy I...
  3. What is the Import One Stop Shop (IOSS)?

    What is the Import One Stop Shop (IOSS)?

    UK Business Forums receives a lot of questions from members about the European Union’s (EU) new system for VAT accounting, the Import One Stop Shop (IOSS). Many business owners are confused about what’s needed to register for IOSS and how the new system works. In fact, some members have said...
  4. Making Tax Digital for VAT – April deadline looms

    Making Tax Digital for VAT – April deadline looms

    All VAT-registered businesses, regardless of turnover, have less than one month to comply with the latest Making Tax Digital (MTD) rules – or face penalties from HMRC. Ahead of the final roll-out of MTD for VAT, companies with a turnover of less than £85,000 must now get compatible accounting...