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

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Services

 

The practice provides a complete suite of services to clients.

Let's Chat

 

Please call us or submit the form on our contact us page, if you need advice or would like a free no-obligation meeting.

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


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