When a business must collect sales tax in a state
A business may need to collect sales tax through physical presence or after reaching a state's remote-seller sales threshold.
6 min read
VAT
VAT, accounting software, corporation tax, business loans and cash flow.
VAT a business can reclaim on its costs
UK VAT-registered businesses can reclaim VAT on business costs, but private use, business entertainment and Flat Rate Scheme rules restrict claims.
7 min read
UK VAT registration threshold and how to register
UK businesses must register for VAT when taxable turnover for the last 12 months exceeds £90,000, or expected 30-day sales exceed it.
5 min read
EU VAT numbers explained by country
An EU VAT number identifies a VAT-registered business. See each country format, how to verify it, and when UK numbers apply.
6 min read
HMRC interest and penalties for late VAT payments
HMRC charges 7.75 per cent yearly interest from day one and VAT penalties from day 16 when payment is late.
5 min read
Reclaiming VAT paid in another EU country
EU businesses claim through their home authority, while non-EU businesses and travellers follow the country where VAT was paid.
8 min read
How online businesses pay US sales tax
Online sellers owe sales tax where they have physical or economic nexus, while marketplace rules can shift collection duties.
7 min read
Registering and filing state sales tax
Small businesses register where state rules require it, then file returns and pay tax on each state’s schedule, including zero-sales returns.
7 min read
How to check an EU VAT number on VIES
Use VIES on the web to check an EU VAT number, understand valid or invalid results, and recognise Northern Ireland XI numbers.
5 min read
How to calculate US sales tax on a sale
Find the sale location first, add its state and local rates, then multiply the taxable price to calculate sales tax due.
7 min read
How VAT is calculated in the UK
Multiply a VAT-exclusive price by 1.2 to add 20 per cent VAT, or divide a VAT-inclusive price by 1.2 to remove it.
5 min read
How far back HMRC can assess unpaid VAT
HMRC usually has four years to assess unpaid VAT, but deliberate errors or late registration can extend this to 20 years.
7 min read
How sales tax works for US businesses
US sales tax rules depend on where a business has nexus, with separate state rates, permits, returns, use tax and asset rules.
7 min read
How VAT works across the EU for businesses
EU businesses charge home VAT less purchase VAT, apply zero VAT or reverse charge to B2B, and charge consumer-country VAT after €10,000 or through OSS.
7 min read
Standard VAT rates in EU member states
Standard VAT rates range from 17 per cent in Luxembourg to 27 per cent in Hungary, with recent EU VAT rate changes to track.
5 min read