The Government has become concerned that some small companies are being set up specifically to take advantage of the VAT flat rate scheme and other tax reliefs offered to small businesses. These companies typically offer labour-only sub-contract services and so do not...
In recent years HMRC has been restricting claims for VAT incurred before registration in regard to assets bought and used in the business before registration. Contrary to their previous policy, they were insisting that the VAT incurred on assets purchased in the four...
