Tag: Business Tax

Non-profit-making organisations enjoy favourable tax treatment, but deciding which bodies qualify for that status can pose difficulties. In a guideline case, however, the Upper Tribunal (UT) ruled that a golf and leisure club had rightly been exempted from having to account for VAT on green

If the turnover of your business is above the threshold at which registration for VAT is obligatory, a dishonest failure to do so can lead to criminal sanctions. In one case on point, a restaurant owner who failed to seek professional tax advice received a