Blog

vat charged

When is VAT charged?

Posted by admin on  August 31, 2017

0
Category: VAT
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, we now need to clarify some of the terms used in the statement. When it comes to “supplies of goods
VAT Registration Threshold

VAT Registration Threshold

Posted by admin on  August 2, 2017

0
Category: VAT
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 1 April. There are a number of tests business owners need to be aware of to determinate if they should
vat UK

What happens to VAT after Brexit?

Posted by admin on  June 28, 2017

1
Category: VAT
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 EU countries actively utilize VAT on their economies. EU has standardized a minimum VAT rate; all the member countries should keep their VAT rate above
vat registration uk

VAT REGISTRATION UK WHAT YOU SHOULD KNOW

Posted by admin on  May 26, 2017

Category: VAT
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 in the UK. The tax bracket can be found by checking the compliance and rate site. Here are the points to note. Every goods and
Amazon UK VAT Refund

Understand The Amazon UK VAT Refund For A Layman

Posted by admin on  May 25, 2017

0
Category: VAT
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 excluded from this tax. VAT, in simple words, means the value added tax on a product or a service. A value added tax is a
How do I become VAT Registered in the UK

How do I become VAT Registered in the UK

Posted by admin on  May 14, 2017

0
Category: VAT
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 period. Then you can get registered with Revenue and Customs (HMRC) for your VAT number. There are several businesses that are prohibited from VAT registration,
vat agent UK

VAT Agent UK Service

Posted by admin on  May 3, 2017

0
Category: VAT
Value added tax (VAT) is a form of consumption tax that is to be paid to the government. This payment can be done by the business owner or with the help of a VAT agent UK.  As VAT is a multi- stage tax, it will be calculated for every stage of the production of a product including the final stage. The amount of the VAT has to be paid by the customer or the buyer
UK VAT refund

How to go about getting a UK VAT Refund

Posted by admin on  February 21, 2017

0
Category: VAT
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 your store clerk and tell them that you need your VAT back. Furthermore, a receipt or a slip will be handed over to you that

Leave a Reply

Close Menu