Our Articles

Please see below for our articles, which we hope you find useful in helping you to decipher VAT and TOMS. These articles, written by Laura Chipp, started out a while back on LinkedIn and the comments received made it clear that VAT and TOMS advice written in "plain English" was both rare and really useful! Please contact us if you'd like to discuss any of our article content.

VAT payments deferred until after 30 June (and other VAT cash flow ideas)

VAT payments deferred until after 30 June (and other VAT cash flow ideas)

On 20 March, the Chancellor announcements that VAT payments due up to 30 June would be deferred. Here, we set out the details on this and our advice to businesses in light of this.

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What does the 2020 Budget mean for VAT?

What does the 2020 Budget mean for VAT?

Here, we analyse the announcements from the 2020 Budget as to how they may affect our VAT system going forward,

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What does the election result mean for travel VAT?

What does the election result mean for travel VAT?

Whether you celebrated or commiserated Thursday’s election result, we now have a slightly clearer picture of what VAT may look like over the next few years. Read on for more details!

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The billback rules...explained in full!

The billback rules...explained in full!

The VAT billback rules can be important for disclosed agents, especially those with corporate clients. These are not always applied correctly, so here we explain the rules in full.

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Our first MTD experience - we made it!

Our first MTD experience - we made it!

In our first week of business as a new company we had our first taste of the new MTD rules, both for ourselves and for clients. Here, we share our experience (spoiler: it was all okay in the end!)

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TOMS VAT - serviced apartments

TOMS VAT - serviced apartments

As serviced apartments become more popular, we get asked about the VAT treatment regularly and whether TOMS (which is beneficial here!) may apply. Here we explain if and how TOMS applies.

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Making Tax Digital (MTD) for VAT and TOMS

Making Tax Digital (MTD) for VAT and TOMS

MTD requires an automated approach to VAT filing. This can be more complex for businesses using TOMS, and those with other VAT complexities. Here, we set out our suggestions for workarounds.

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How to act as agent for VAT

How to act as agent for VAT

How to act as an agent has always been a grey area, and in this article we examine the VAT cases over the past few years and look at the key factors to act as agent for VAT.

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TOMS VAT Calculation Examples

TOMS VAT Calculation Examples

The TOMS calculation can often seem confusing and a bit of an enigma. Here, we talk through some examples which will hopefully help demonstrate that TOMS is not such a big mountain to climb.

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