Apart from paying salary to your workers, it’s likely you’ll make other financial transactions with them, such as providing benefits-in-kind (BiKs) and reimbursing business expenses. But where do you stand with the Taxman on these?

Many hairdressers think that by renting a chair the rental income is exempt from VAT. In fact, this isn’t the case at all, though it’s still possible to achieve some VAT savings. What’s involved?

If you issue or accept money-off coupons, gift vouchers, phone cards or top-up vouchers, it can affect the value of your supply and the amount of VAT due. What do you need to be aware of?

Having to register for VAT in other EU member states can be a really time-consuming chore. You’ve heard that it’s possible to avoid registration by taking advantage of the triangulation simplification. What’s to know?

You own a commercial property and have opted to tax it. When you come to sell, the purchaser says your option is disapplied and you have to pay the VAT back on the purchase price. What’s going on?