Company Tax

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 in Crunch? The Crunch system will automatically ...

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.

Claiming back VAT

Can I claim the VAT back on purchases made before my company formation Yes, you would be entitled to claim back the VAT on any business assets you purchased that you will continue to use in the business within the last four years (i.e prior to becoming VAT registered). Four years for fixed as...

Tax incentive payments

HMRC prefers companies to file their tax returns online, rather than sending in paper forms. By filing online, your company may be entitled to receive an incentive which could either be a reduction on your tax bill, or, if you don't owe anything, you may receive money. If you do receive money, you...

How to add VAT details / How to add a director or add a shareholder

Please contact your account manager so the necessary changes can be made.

Corporation Tax

What is corporation tax? Corporation tax is a tax on taxable profits of limited companies. Any limited company incorporated in the UK is subject to corporation tax requirements, as well as foreign-based companies with a permanent place of business in the UK. For more information, please refer to ...

VAT Rates

Current VAT Rates Standard 20% Reduced 5% Zero 0% Flat Rate VAT Sectors PDF (valid until further notice)

Paying VAT

How frequently do I pay VAT? VAT is paid quarterly - every three months - from the date of your registration to a VAT scheme. How does Crunch calculate VAT? Crunch calculates VAT based on the "Cash Accounting Scheme", which means it is calculated based on the payments received from customers - no...

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