Anthon Marlow Accountants serving Nottingham and beyond.
Working hard to deliver the best service to our clients.

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The practice provides a complete suite of services to clients.

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Welcome to the Anthon Marlow Chartered Certified Accountants & Tax Advisors

Our firm has been established for well over 70 years; providing a quality service to our clients. We are based in Nottingham City Centre and we have a large client base across the Midlands and further afield. We offer a wide range of Services to help both businesses and individuals fulfil their accountancy needs. Our Clients benefit from our friendly, proactive approach and we aim to give that 'Personal Touch' that is often missing with larger accountancy practices.

Our services include:

Compliance work for both incorporated and unincorporated businesses
Auditing of Financial Statements
Self-Assessment and Personal tax planning
Business start-ups and implementation of accounting systems
Structuring businesses to minimise tax liabilities
Vat and Bookkeeping Services
Full Payroll Bureau

Resources

Need some help calculating your taxes? Feel free to use any of handy tax calculators.
For the latest Tax Allowances please click here

VAT – discounts and free gifts
19/05/2022

When you issue an invoice to your customer, you must ensure that you charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that you should be aware of.

In the UK, there are three separate VAT rates, the standard rate @ 20%, the reduced rate @ 5% and the zero rate @ 0%.

There are special rules when charging VAT where there are discounts or free gifts. The rules are complex, but we have summarised the main aspects below.

Discounts and free gifts

Offer	How to charge VAT
Discounts	Charged on the discounted price (not the full price)
Gifts	Charged on the gift’s full value. There are some specific exceptions on gifts given to the same person if their total value in a 12-month period is less than £50.
Multi-buys	Charged on the combined price if all the items have the same VAT rate. If not, VAT is ‘apportioned’ as mixed-rate goods
Money-off coupons, vouchers etc	No VAT due if given away free at time of a purchase. If not, VAT due on the price charged
‘Face value’ vouchers that can be used for more than one type of good or service	‘Face value’ vouchers that can be used for more than one type of good or service No VAT due, if sold at or below their monetary value
Redeemed face value vouchers	Charged on the full value of the transaction
Redeemed face value vouchers sold at a discount	Charged on the discounted value of the transaction
Link-save offers (buy one get one free or discounted)	VAT is apportioned as mixed-rate goods - there are exceptions