VAT, that marvelous way of losing 20% of your sales. I am not sure how many times I have heard the phrase ‘if we didn’t have to pay VAT’ followed by a statement about more profits. Well, VAT is not going away. Your sales see you gather the VAT from your buyer, so why is
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There is a reason why we say that things are taxing, because tax is not easy, it is not necessarily fair and there is no easy way to understand company tax law. HMRC make the rules. You must obey the rules. Think of your regular football referee who mistakenly sends a player off, that player
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