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.

25 Jun 2026

Tax gap up to more than £59 billion

The tax gap rose to a record high of £59.2 billion in cash terms for 2024/25, according to the latest data from HMRC.

24 Jun 2026

The UK government must set out a clear plan to ease the burdens that Brexit has placed on business, says the British Chambers of Commerce (BCC).

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Our summary of the key announcements from the Chancellor's latest Budget .

Read about the budget