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Tips for Small Businesses

Chris Tailby, Director of Tax Practice, Customs & Excise, brings us ten VAT compliance tips for small businesses

 
Chris Tailby Director of Tax Practice Customs & Excise brings us ten VAT compliance tips for small businesses
 
In my previous role as a VAT adviser I assisted in drawing up a list of VAT tips for clients. These were intended to help clients avoid pitfalls caused by VAT accounting and ensure that clients were aware of the various reliefs available to them. Taking a leaf out of the adviser's book Customs have been devising a set of tips to help businesses. Unusually this was not devised by Customs on our own — it was prepared with the Small Business Council which consulted its members on the contents of the list. The advantages...

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