Legal, ethical tax savings – how difficult can that be for small businesses? Comedian Jimmy Carr was mocked over it, Radio DJ Chris Moyles also failed spectacularly at it, Amazon, Google, Starbucks...
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Inputs are purchases, so input tax is VAT on purchases which you are allowed to reclaim. It is, of course, your suppliers’ output tax. Can I reclaim VAT from before I was registered? More
HMRC have a number of special VAT schemes which are designed to reduce administration, but can also reduce or defer the VAT due. Probably more than half of all registered businesses are eligible for o...
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