Business

VAT Pitfalls

When a VAT registered trader sells goods or services, they will normally have to add VAT to their sales. For most things this will be at the standard rate of 20%. However, some goods and services are exempt from VAT,…
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Business

VAT a mess

What links Jaffa Cakes, Pringles and puppies? The answer is that they have all been the subject of court cases to determine their treatment for Value Added Tax (VAT). VAT is a tax that is added on to the price…
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Business

Autumn Budget 2016

Philip Hammond, the new Chancellor of the Exchequer, announced his first Autumn Statement to Parliament on Wednesday 23rd November 2016. Small businesses, which make a huge contribution to the economy, are already facing ever increasing responsibilities and pressures. These include…
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