VAT FAQs

Will becoming VAT registered save me money? Or lose me money?

Neither.

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Written by Evgeny Nefedov
Updated over a week ago

What items/products are zero rated, reduced rate and VAT exempt?

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Written by Evgeny Nefedov
Updated over a week ago

Do I need to become VAT registered to claim expenses?

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Written by Evgeny Nefedov
Updated over a week ago

My supplier didn’t charge me VAT. Can I still claim VAT?

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Written by Evgeny Nefedov
Updated over a week ago

What’s the difference between accrual and cash basis accounting?

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Written by Evgeny Nefedov
Updated over a week ago

How do I change from a Flat rate to a standard rate and vice versa?

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Written by Evgeny Nefedov
Updated over a week ago

How do I know if I’m on the correct VAT rate?

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Written by Evgeny Nefedov
Updated over a week ago

What are the fines and penalties for filing a late VAT return?

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Written by Evgeny Nefedov
Updated over a week ago

What is reverse charge and when should I use it?

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Written by Evgeny Nefedov
Updated over a week ago

How do HMRC repay my VAT?

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Written by Evgeny Nefedov
Updated over a week ago

What are the different ways I can pay my VAT bill?

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Written by Evgeny Nefedov
Updated over a week ago

How do I register for VAT?

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Written by Evgeny Nefedov
Updated over a week ago

When should I register for VAT?

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Written by Evgeny Nefedov
Updated over a week ago