Source: HM Revenue & Customs | | 13/11/2014 Now is the time that many businesses are preparing for Christmas parties for staff as well as for customers and prospective clients. VAT incurred on Christmas parties for staff can be recovered subject to the usual rules. If staff...

Source: HM Revenue & Customs | | 13/11/2014 There are special rules that determine the recoverability of VAT incurred before a business registers for VAT. This type of VAT is known as pre-registration input VAT. There are different rules for the supply of goods and supply...