by Deepti Agarwal | Jun 15, 2023 | Business Tips, Tax, VAT
Sorting out your tax registrations is one of the first things to tick off your to-do list as a new business owner. But knowing when (and how) to register for things like value-added tax (VAT) can be a confusing process for new entrepreneurs. Here’s a straightforward...
by Deepti Agarwal | Sep 9, 2021 | Tax, VAT
Content Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain. Most businesses with annual sales of £85,000 or more have to register for VAT. And even if your sales are below that level,...
by Ashwini Rathi | Nov 18, 2017 | VAT
Effective from 1st April 2017, the government has announced new changes to the Flat Rate VAT scheme. The VAT flat rate scheme used to be perceived as the easiest VAT scheme. Many small businesses rely on this scheme for record keeping since it takes a simple...
by Ashwini Rathi | Jun 28, 2017 | VAT
Do you need to register for VAT? This is a question many directors of companies ask themselves. The whole concept of VAT can be a little tricky to understand especially as some goods don’t incur VAT at all. How Much Do You Need To Earn Before You Register For...
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