Simplified VAT Receipt Threshold UK: What Counts as a Valid VAT Receipt and What Records You Must Keep

Introduction If you’re a UK business owner, overseeing VAT doesn’t stop at filing your return every quarter. It is a process that requires paying attention to the evidence for every penny reclaimed. At the heart of this is the concept of the (simplified) vat receipt threshold, which aims to reduce admin for small transactions while ensuring that HMRC has a clear audit trail.    […]