VAT partial exemption can be difficult to manage because the amount of input VAT you can recover depends on how your costs relate to your taxable and exempt activities. This is particularly relevant for charities, hospices, membership organisations, property businesses...

For many accountancy firms, VAT expertise is essential but not always needed on a full-time basis. Your clients may occasionally need complex VAT advice on areas such as partial exemption, land and property, charities, international transactions or business sales. However,...

  Processing of Option To Tax Forms Changes from 1st February   Following a short consultation, HMRC has decided to change the way they process Option to Tax (OTT) Forms with effect from 1 February 2023.   A letter confirming receipt of...