Eight new Freeports were announced earlier this year, with each offering operators within the sites a number of tax incentives. The sites are: – East Midlands Airport– Felixstowe & Harwich– Humber Region– Liverpool City Region– Plymouth & South Devon– Solent–… Read more
When buying a commercial building, the price may include VAT if the vendor has opted to tax the property. If the buyer is VAT registered and will be using the building wholly for the purposes of the trade it will… Read more
Q1. I have been on the VAT flat rate scheme for several years. I have two business activities that fall into different categories with differing FRS percentages. I have apportioned VAT between the rates, but a chance conversation with an… Read more
Q1. I am an IT consultant that has just returned from Jersey where I was undertaking some work for the government. I want to raise my invoice now, but don’t know whether to add VAT or not following Brexit? A: You… Read more
In most cases, it doesn’t make sense to simply give away money to save tax during a person’s lifetime. For example, a higher rate taxpayer can claim tax relief to offset their income tax bill on qualifying donations made via… Read more