VAT (UK) 2025: Rates, Registration, Returns & Penalties

What this article is about: This guide explains UK VAT from an employer and finance lead perspective, covering how VAT works, when to register and deregister, rates and schemes, invoicing and tax points, Making Tax Digital, cross-border rules, penalties (current post-Jan 2023 regime), and practical compliance controls. It reflects the £90,000 registration threshold (from 1 […]

What is Input VAT & Output VAT?

VAT registered companies must meet a number of obligations, including calculating, reporting and paying VAT liability on a regular basis and retaining specific records. If the taxable turnover of your business for the last 12 months by the end of any month was over £85,000, (known as the registration threshold for Value Added Tax), you […]

Vat Return Deadline & Payment Dates

VAT registered companies in the UK are required to submit VAT returns and make VAT payments on time. Failure to meet the VAT deadline can result in fines and interest being charged on the outstanding amount.   Vat payment dates & VAT return deadlines   As a general rule, the VAT deadline for both returns […]

How to Deregister for VAT

In certain circumstances, companies may no longer eligible to be VAT registered, or in others, the company may be looking to voluntarily cancel its VAT registration. This guide looks at the process to deregister for VAT, on both a compulsory and voluntary basis, including the circumstances in which you must or can ask HMRC to […]

Reverse VAT Charge Guide 2023

Aimed at tackling fraud in the construction industry, the reverse charge VAT rules mean that most subcontractors and contractors must now change the way in which they charge and account for VAT. The following guide outlines how the new VAT reverse charge works, with key compliance advice for VAT-registered suppliers and buyers.   What is […]

VAT Cash Accounting Explained

VAT cash accounting is one of a number of ways VAT registered companies can calculate their VAT liability. The VAT cash accounting scheme follows the same principles as cash basis accounting. It means businesses pay VAT on sales when they have received payment for the sale, and can only reclaim VAT once payment has been […]

How To Register For VAT (VAT Registration FAQs)

Whether you are starting up a new business, running an existing company or taking over a different organisation, you will need to ensure you are operating within the rules for VAT. If your business has or is expected to have a turnover above the VAT threshold, you will need to register for VAT using HMRC’s […]