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.

01 May 2026

Bank of England faces dilemma after holding interest rates

The Bank of England has held the base rate of interest rate at 3.75%, but now faces a dilemma, according to the British Chambers of Commerce (BCC).