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The default position is that the activity of renting out a building is considered an 'exempt supply' for VAT purposes. This means that VAT doesn't have to be charged on rents but conversely, VAT cannot be reclaimed on expenses incurred.As far as residential lettings are conc...
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It’s not well known, but employers can reclaim VAT on more than just the fuel element of the mileage allowances paid to their workers. What’s involved?  Mileage rates  For a long time, companies have been allowed to pay employees flat rate tax-free mileage allo...
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