THP Blog

VAT Flat rate scheme – is it still worthwhile or should you de-register?
Posted by Jon Pryse-Jones on May 6, 2020

Have you de-registered for VAT recently? Don’t forget to claim back the VAT on any bad debts for more information contact THP today.

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de-registered for VAT
Claiming back your VAT on pre-registration expenditure
Posted by Mark Boulter on April 10, 2020

Is your business registering for VAT? Don’t forget you can claim back your pre-registration expenditure from the taxman, find out how now!

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VAT pre-registration expenditure
Don’t let your café or sandwich shop get in a VAT pickle
Posted by Kirsty Demeza on February 17, 2020

If you own a sandwich shop or a café we can help you avoid some common VAT mistakes.

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VAT reverse charge for construction delayed for a year!
Posted by Jon Pryse-Jones on September 11, 2019

HMRC has delayed the ‘domestic reverse charge for construction services’ for a year, so it won’t come into effect until 1 October 2020. Find out more here.

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Keep your businesses separate – the VAT man is watching!
Posted by Jon Pryse-Jones on February 22, 2019

Once your business turnover hits £85,000, the VAT man suddenly becomes part of your life. Here we consider an example of how one taxpayer proceeded to split his activities into two businesses in an attempt to avoid VAT registration.

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What happens to VAT if there’s no Brexit deal?
Posted by Jon Pryse-Jones on September 3, 2018

What happens to VAT if there’s no Brexit deal? Learn more about what could potentially be coming our way.

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Company directors watch out – you can be personally liable for VAT penalties!
Posted by Jon Pryse-Jones on June 8, 2018

Have you heard of VAT missing trader fraud? The taxman certainly has, and he issues guidelines on how to spot it and avoid it. Here we look at what trader fraud is, and how you can be personally liable for VAT penalties If you are part of a supply chain where missing trader fraud is taking place.

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VAT penalties
Should you make your Gingerbread men with eyes or trousers? THP spills the beans…….
Posted by Jon Pryse-Jones on November 8, 2017

The Office of Tax Simplification (OTS) has published a report setting out a range of proposals for simplifying VAT. According to the OTS, this tax is now showing its age. What was meant to be a simple direct tax has since become highly complex and it has not kept pace with changes in our society.

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