VAT

Essential VAT issues.

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.

17 Sep 2025

Inflation heaping pressure on firms, warns BCC

UK firms are still under pressure after the annual rate of inflation remained at 3.8% in August, the British Chambers of Commerce (BCC) has warned.

27 Aug 2025

A review of the problem of late payments and the government's response.