https://onesixth.app/blog Writing on UK VAT margin schemes, TOMS and partial exemption from OneSixth. en-GB Tue, 23 Jun 2026 15:57:37 GMT https://onesixth.app/blog/de-minimis-beginners-guide https://onesixth.app/blog/de-minimis-beginners-guide Sat, 20 Jun 2026 00:00:00 GMT If your business has any exempt income at all — residential lettings, certain types of training, financial services, some healthcare — you might be partially exempt for VAT. The de minimis test is the rule that determines whether the partial-exemption complexity actually applies to you, or whether HMRC will let you off and recover all your input VAT anyway. https://onesixth.app/blog/toms-in-xero https://onesixth.app/blog/toms-in-xero Sat, 06 Jun 2026 00:00:00 GMT The Tour Operators Margin Scheme is the second-most awkward UK VAT regime to handle in cloud accounting software, after partial exemption. It's also unusual in that — unlike partial exemption — the affected businesses almost always know they're affected. They're tour operators. They've heard of TOMS. What they may not know is how thoroughly their accounting platform fails to support it. https://onesixth.app/blog/annual-adjustment-trap https://onesixth.app/blog/annual-adjustment-trap Sat, 23 May 2026 00:00:00 GMT The annual adjustment is the part of partial exemption that catches even careful practitioners out. By the time you reach year-end, the figures supporting your provisional quarterly calculations are anywhere between three and twelve months stale. https://onesixth.app/blog/why-platforms-dont-handle-partial-exemption https://onesixth.app/blog/why-platforms-dont-handle-partial-exemption Sat, 09 May 2026 00:00:00 GMT There's a curious gap in the UK accounting software market. The four major small-and-mid-market platforms collectively serve more than 90% of UK SMEs. None of them automate partial exemption. This isn't a feature roadmap miss; it's an architectural decision, and HMRC has quietly accommodated it for years. https://onesixth.app/blog/why-one-sixth https://onesixth.app/blog/why-one-sixth Thu, 07 May 2026 00:00:00 GMT The 1/6 fraction sits at the heart of every UK margin scheme calculation. Here's what it means and why it has nothing to do with 20%. https://onesixth.app/blog/introducing-de-minimis https://onesixth.app/blog/introducing-de-minimis Thu, 07 May 2026 00:00:00 GMT A new editorial corner from the team at onesixth — short, sharp writing on margin VAT, TOMS, and the unloved corners of UK indirect tax.