VAT

VAT AGENT: DISCLOSED OR UNDISCLOSED

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vat agent

Value added tax (VAT) is a tax which is applied to almost all of the goods and services produced if they cost a certain amount in their production process. You may get your company registered voluntarily even if it does not have the required turn over. In some countries, being VAT registered is a norm. […]

VAT

VAT registration: process and guidelines

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vat registration

Value added tax (VAT) is the tax which is applied at different good and services produced. VAT registration is required for the business trading or manufacturing goods. This is defined as the continuous process of manufacturing goods or services and getting paid for it. You will follow the VAT registration process for your company only […]

VAT

Benefits of VAT Registered Company

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VAT Registered Company

VAT stands for Value Added Tax and limited companies are required to register for VAT. It is the sales tax which is levied against goods and services when businesses taxable turnover which means the overall takings not the profit, for the previous year exceeds or is expected to exceed in the coming 30 days. If […]

VAT

Getting a VAT Identification Number

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vat identification number

VAT stands for Value Added Tax and happens to be a consumption tax which is applied on goods and services. Identical to Central Service Tax (SCT) and the TIN (Taxpayer Identification Number Registration Number, registration of VAT is compulsory for all manufacturing businesses and results in acquiring a VAT identification number .One could call it […]

VAT

Process of Vat deregistration

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vat deregistration

The VAT Deregistration process is the one which you need to follow if your company is currently registered for: Suppling taxable items in the UK Involves in distance sales to the customers who are not registered for VAT Involves in relevant supplies of goods which are assets of a business. There are situations in which […]

VAT

EU VAT NUMBER: REQUIREMENTS AND PROCESS

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EU VAT Number

If a company operates across the European Union (EU), there is a need that it should also get its business’s VAT registration number in another EU country. There are different requirements for the registration in different countries. But according to the EU’s VAT directive, there is a need to get EU VAT Number for each […]

VAT

Running a VAT registered business

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VAT registered business

Value Added Tax (commonly known as VAT in the industry), is regarded to be a sales tax. This particular tax is imposed on the expenditure of items like consumer goods, services and business transactions.  Technically, VAT is paid by the consumer when they make a purchase; whatever paid in the form of VAT is ultimately […]

VAT

An overview of VAT deregistration

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VAT Deregistration

According to the rules and regulations implemented by HMRC, whenever a business exceeds an annual threshold of £83,000, it needs to be registered for VAT. In fact, it is a prerequisite for such businesses to register with HMRC and submit VAT return files on timely manner. However, when the taxable supplies are below the limit […]