Understanding UK VAT Tax VAT (Value Added Tax) is the quiet backbone of the UK’s tax system. It is a consumption tax assessed on the value added of most goods and services sold in the UK. It is one of…

When most business owners come across the term VAT registration, they tend to think that it is a mandatory exercise whereby once they pass the £90,000 in annual turnover, they automatically qualify under the VAT registration. It is merely another…

In the UK, several businesses prefer to hire a professional to handle their VAT returns in the UK because the importance of getting the process right cannot be overstated. Many people are curious to know how much accountants charge in…

Any business registered for value-added tax (VAT) in the United Kingdom is assigned a VAT registration number. HMRC issues the unique VAT number, which is a critical part of conducting legal trading, filing returns, and receiving VAT refunds. HMRC is…

To all businesses registered to pay Value Added Tax, filing VAT returns UK is not only an administration burden but also a legal obligation. VAT returns make sure that businesses report their sales, purchases and VAT liability to HM Revenue…

Value added tax (VAT) regulations are mandatory to businesses in the United Kingdom. Each company registering under VAT is given a VAT registration number in UK, a unique identifier issued by the HM Revenue and Customs (HMRC). This special number…