When is 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
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
What happens to VAT after Brexit?
Now that the proceedings have begun for the debatable Brexit and the UK will be no longer a member of EU from 29 March 2019. Despite all the political and social influences that might take place, many people wonder what will happen to VAT after Brexit. As of today, 28
VAT REGISTRATION UK WHAT YOU SHOULD KNOW
Are you planning to start your business in the UK? It maybe the time for you to look at value-added tax (VAT) and how VAT Registration UK works. VAT taxable turnover is simply the total money recovered from providing goods and services that are not exempted from the tax bracket
Understand The Amazon UK VAT Refund For A Layman
Amazon UK VAT is the tax you pay whenever you buy something in the UK. It is collected on most of the business transactions and products from certain services. However, we should not confuse VAT as the tax that is included in every single thing we buy. Many goods are
How do I become VAT Registered in the UK
To become VAT registered in the UK you must own a business with £85,000 or more VAT taxable turnover, or operate a distance selling of services and goods with VAT taxable of £70,000, or own goods worth more than £86,000 form EU and expect to exceed £83,000 in a 30-day
How to go about getting a UK VAT Refund
A system has been set through which tourists can get a UK VAT Refund, as non-EU residents do not owe any VAT. Tourists visiting Europe leave behind millions of dollars of refundable sales tax. To get a VAT refund, you have to spend a minimum amount. You must talk to
The complete UK VAT Registration Process
The UK VAT registration, process which was introduced in 1973 is a part of the UK’s admission to the EU. In the European Union VAT or Value added tax is a type of consumption tax that is assessed on the value added to goods and services. The goods and services that
All you need to know about VAT number
Value added tax (VAT) is a type of tax that is applied to the goods or services that are being produced by a company. You must register your company with HM Revenue and Customs (HMRC) if you are earning a certain amount of business turnover. This certain amount is £86,000.