VAT

When is VAT charged?

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vat charged

This should be an easy question to answer,but in fact is the cause of much uncertainty when it comes to the VAT. So let’s start by making a sweeping statement: A person generally needs to charge VAT on supplies of goods or services which they make as part of their business activity. Having said that, […]

VAT

VAT Registration Threshold

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VAT Registration Threshold

It is compulsory for you to register for VAT in the UK if your VAT taxable turnover (all supplies of goods and services that are not exempt)exceeds, or will exceed the VAT Registration Threshold. This threshold is £85.000 from 1 April 2017. This is usually uplifted in the Budget each year to take effect from […]