VAT

This section contains introductory guides to the often very complex area of VAT.

Advantages and disadvantages of VAT grouping.

How to reclaim VAT on supplies made to your employees.

A general overview of the principles of VAT.

A guide to the annual accounting scheme.

The conditions and requirements of claiming VAT relief on bad debts.

A guide to the cash accounting scheme.

A guide to the simplified scheme for small businesses.

Making sure you comply with the rules.

Key actions to take and traps to avoid.

04 Jul 2025

Pension reforms risk higher prices, fewer jobs and slower growth, FSB warns

Prospective pension reforms could see small firms raise prices, cut jobs or slash profits, the Federation of Small Businesses (FSB) has warned.