smallbusiness.co.uk: Helping your business think big

More from Accounts & tax

Advertisement

Lloyds TSB Commercial Banking supports business growth

We’ve reduced the lifetime interest rate on our business loans by 1%. Find out more about our range of funding solutions.

Can we reclaim VAT?

Expert view

Can we reclaim VAT?

As a small company in construction we are VAT-registered. Our quantity surveyor has recently become VAT-registered and therefore his invoices have increased owing to the VAT element. Can we reclaim this VAT as he is a service provider?

Jason Piper |

What type of marketing do you use the most?

Can I put the business in my wifes name?

Expert view

Can I put the business in my wife's name?

I am registered for VAT and run a shop in a partnership with my wife. We are thinking of importing goods to sell online from Germany. Can we put the online business in my wife's name so we don't have to worry about VAT until turnover exceeds £77,000?

Accountant wrongly told me I was VAT-exempt

Guide

Accountant wrongly told me I was VAT-exempt

My former accountant advised me over a period of five years that I was VAT-exempt. He was incorrect with his professional advice. My VAT bill was £53,000. Is there anything i can do about it?

 Can I claim back VAT?

Expert view

 Can I claim back VAT?

I started a new business eight months ago but was not VAT-registered. Now I want to sell machinery and close the business. Can I claim VAT back and do I need first to register then sell the business?

Deregistering for VAT

Expert view

Deregistering for VAT

I registered for VAT voluntarily when setting up my business and would like to deregister as it is highly unlikely my turnover will exceed £75,000, I have stock at the moment of around £3,500 in cost value. What are the implications of this?

Small Business Offers

More from Small Business

Starting a Business
How do you become a successful business coach?

How do you become a successful business coach?

Entrepreneur Nicola Bird gives some tips on moving into the coaching arena. ...  

Running a Business
Top five tips for small businesses to get technology right first time 

Top five tips for small businesses to get technology right first time 

Jeremy Fennell, managing director of PC World Business, gives his top tips on IT for...  

News
Small companies at risk of online fraud with many going unprotected

Small companies at risk of online fraud with many going unprotected

Cybercrime costs small businesses an average of £4,000 a time, research finds. ...  

Blog
How to keep control of your sales process

How to keep control of your sales process

Shaun Thomson, founder of sales and leadership training company Sandler, discusses how to modify your...