Parent Company Guarantees and Audit Exemption: A Guide for UK Subsidiaries
From April 6, 2025, the small company thresholds rose to turnover not exceeding £15 million (up from £10.2 million) and balance sheet total not exceeding £7.5 million (up from £5.1 million).
VAT on Donations and Fundraising Events: What Charities and Organisations Need to Know
A qualifying fundraising event receives a mandatory VAT exemption under Group 12 of Schedule 9 to the Value Added Tax Act 1994 (VATA 1994). A charity cannot elect to charge VAT instead.
VAT on Insurance in the UK: Exempt Supplies Explained
Insurance is exempt from VAT under Group 2 of Schedule 9 to the Value Added Tax Act 1994, which means it is not zero rated and not outside the scope of VAT.
VAT on Solar Panels UK: The 0% Rate, Who Qualifies, and What Installers Must Know
The installation of solar panels in residential accommodation currently qualifies for a 0% VAT rate, applying across Great Britain since 1 April 2022 and extended to Northern Ireland from 1 May 2023.
Cost of Sponsoring an Employee to Work in the UK: Sponsor Licence Fees
The sponsor licence fee is a one-off cost paid by the employer: £611 for small or charitable sponsors and £1,682 for medium or large sponsors.
VAT Late Payment Penalty UK: How Interest Is Calculated and What to Do If You Can’t Pay
The VAT late payment penalty is separate from the late filing penalty — filing on time does not protect you from a payment penalty if the money reaches HMRC late.
HMRC VAT Rules for NETPs: Zero Threshold and VAT1TR Form Explained
Most overseas businesses register using the standard online service or the VAT1 form. A separate form, the VAT1TR, is needed where a UK tax representative is being appointed.
NETP VAT Obligations for Amazon Sellers: What Non-UK Businesses Must Know
As an overseas seller on Amazon, HMRC classifies you as an NETP from your very first sale, regardless of how small or new your business is.
Filing VAT Returns as an NETP: Deadlines and Requirements
As a non-established taxable person, your VAT return deadline is the seventh of the second month after each quarter end; filing and payment must both reach HMRC by the same date.