As the end of the financial year approaches, many UK business owners and self-employed professionals start focusing on one important task: closing their tax file correctly and on time. If…
If you sell holidays, accommodation or travel that you buy in from other businesses, you may have to use the Tour Operators’ Margin Scheme (TOMS) for VAT. It is not…
VAT for opticians is more complicated than for most businesses, because a typical sale of glasses includes both exempt services and standard-rated goods. Getting the split right affects how much…