Category: VAT

Is MTD for VAT compulsory?

Is MTD for VAT compulsory?

MTD (Making Tax Digital) for VAT is the UK government’s initiative to digitise and modernise the UK tax system. It requires businesses to keep digital ...
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Can I remove an option to tax on property?

Can I remove an option to tax on property?

In most cases, rental income is an exempt supply for VAT unless there is an option to tax in place. An option to tax stays ...
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Should I VAT register my property company?

Should I VAT register my property company?

VAT and property income can be a minefield. At Spotlight Accounting, we work with landlords with both residential and commercial property investments and can help ...
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Does a Garden Office Count as a Business Expense?

Does a Garden Office Count as a Business Expense?

Working from home used to be a pipe dream for the average employee. But with the ongoing pandemic, millions of people have been forced to ...
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