01983 614108

VAT: partial exemption method using floor space

by | Feb 10, 2015 | ACCA, VAT

HMRC has issued Revenue & Customs Brief 35/2014: Lok.nStore Group PLC (LnS) decision on calculating deductible VAT. The decision was focused on the use of the Partial Exemption Special Method (PESM) and how fair and reasonable it was when compared to the standard...

VAT changes around the EU

by | Oct 25, 2014 | ACCA, VAT

The latest changes to VAT rates from countries within the European Union.  Denmark From 1 January 2015 the Danish authorities will allow companies 100% input VAT recovery on hotel accommodation costs. This applies uniformly to resident and non-resident companies as...

Do I need a receipt?

by | Oct 13, 2014 | business taxation, VAT

A query from a client, “Do I need a receipt for a payment by contactless card, eg a travel ticket?” To clear up a myth, you don’t need recipts to claim an expense. However you should have evidence of that expense. Obviously recipts are good evidence,...