Archive for August 2023

Are you struggling to get VAT refunds from uncooperative UK suppliers?

If your business is outside the UK and you’ve purchased goods from UK suppliers charging 20% VAT, you might be frustrated when they refuse to invoice you VAT-free. Even if you have all the necessary documents proving that the items were exported, your UK supplier might still not cooperate. What’s the situation? UK suppliers must […]

Can your non-business organisation claim back VAT?

In some instances, you can! You might be eligible to get a refund on the VAT you’ve paid through a government scheme. In this blog, we’ll provide you with the information you need to know about reclaiming your VAT and answer some common questions. Who can claim? The VAT refund scheme is open to various […]

Are you overpaying in foreign VAT to overseas suppliers?

Many medium to large multinational corporations in the UK encounter a specific challenge: the inadvertent overpayment of foreign VAT to overseas suppliers. In this article, we delve into the issues and propose practical solutions for multinationals to effectively mitigate this problem. What is the situation? This issue arises when businesses end up paying more VAT […]

What are the challenges of recovering VAT for non-VAT registered UK charities?

UK VAT poses big problems for UK charities not registered for VAT. Unlike VAT-registered businesses, they cannot directly reclaim VAT on purchases. In this article, we explore the main difficulties and possible solutions. VAT Registration Charities with taxable turnover over £85,000 must register for VAT in the UK. This lets them recover VAT on purchases. […]

Are you a UK VAT-registered charity or not-for-profit organisation? If so, are you claiming back all the VAT you are entitled to?

It’s easy to miss out on reclaiming VAT on your purchases. Here are some common issues: Partial Exemption Calculations: Charities often have business activities where they apply VAT and non-business activities that are exempt. This is called partial exemption. You might calculate the percentages wrongly and miss VAT on business expenses. Incorrect VAT Allocation: Assigning […]