I am not an expert on VAT and the following information is based on my understanding and experience in 5 years of bookkeeping. The aim of this blog is to try to explain which Tax Rate to use in Xero where there is 0% VAT, in a simple way. But VAT is a complex issue and if you are in any doubt at all you should contact the HMRC.

One valuable niche worth exploring for virtual assistants is the self publish market. That is, professionals who self publish their own book using kindle, createspace, lulu or any of the other self publish platforms that keep popping up. Now – these platforms can be very complicated to learn. That’s one possible VA function. Plus if [...]

Huge thanks go to one of our intelligentVA’s Sarah Cruickshank for organising the first Lancashire meet up!  Sarah will be managing this event, which is a great opportunity for Lancashire and South Lakes VAs to get together for a chat.  The events have been really successful in York, with lots of new friends being made [...]

I was recently chatting to Nicola about the information shown on a VAT Audit report and realised that this is something we haven’t covered on intelligentVA before. Nicola kindly agreed to write a couple of informative posts for us on which codes to use and when. In next weeks blog post we will look at using Exempt Expenses, Zero Rated Expenses and No VAT Rates in Xero. Remember, if you are in any doubt about VAT codes then please talk to HMRC or your accountant.