Company Tax

Awaiting VAT registration details: information when issuing invoices i...

It is an HMRC requirement that your company accounts for VAT from the date you registered for VAT, even if you are still awaiting your VAT registration number. The VAT certificate usually takes about four weeks to come through. If you have requested we register you for VAT the Crunch system will au...

VAT (MOSS) – change of rules for digital service suppliers

Who is affected? The changes will affect all businesses that supply digital services to consumers (B2C), including broadcasting, telecoms and e-services. If you supply digital services to businesses (B2B) only - including those who are self employed - then these changes do not affect you. Whe...

VAT MOSS - What you need to do

If you have to add EU VAT to any of your sales invoices, you’ll need to pay this via the MOSS VAT return. The VAT MOSS scheme accounts for the VAT on all of your cross-border digital service supplies in EU member states where you don’t have established business premises. For a more detailed explanat...

VAT Registration Options

Value Added Tax (VAT) is a difficult subject for most and knowing if, when and what VAT scheme to register for can be a minefield. In this article, we’ll help you decide whether you should register for VAT and what scheme is best for your business. What are my options? Most clients have three ...

From when does the 1% discount I get on Flat Rate apply?

HMRC offers a 1% discount for those registering for the Flat Rate Scheme as an incentive. The 1% discount you get within the first year of Flat rate registration begins from the day you register for VAT, not the day you become Flat rate registered. If you pay VAT to HMRC based on when the busine...

What are the differences between recharged expenses and disbursements?

Businesses will incur expenses when delivering their services to clients, and some may also purchase goods and services on behalf of their clients. These recharged expenses and disbursements are treated differently for tax and VAT purposes and must be invoiced accordingly. What is a disbursement?...

International VAT fact sheet

Background Value Added Tax (VAT) is applicable to EU member countries so any supplies made to countries outside of the EU are, therefore, outside of the scope of UK and EU VAT legislation and are not charged on the invoice. How does this work on the Crunch app? The Crunch system will automa...

What else needs to be completed when goods or services have been sold ...

As a VAT registered business you are required to provide HMRC with details of goods and services supplied to a VAT registered customer in another EU country on the EC Sales List. This return contains details of your customer, their VAT number, the relevant country code and the value of goods and/or...

Advisory Fuel Rates - What is the VAT element of mileage on standard r...

What are advisory fuel rates? Advisory fuel rates are the recommended repayment amounts for drivers who are reclaiming the fuel element on their business mileage. This applies to Standard Rate VAT Registered companies only. They are used to calculate: The amount of VAT to reclaim on busine...

Watch our VAT return guide

Submitting and filing VAT returns in Crunch is quick and simple! This video guide will show you step-by-step how to complete your VAT returns.

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