Category: Vat Scheme

Not Yet Registered For VAT? Act Now!Read more

Not Yet Registered For VAT? Act Now!

Implemented in 1973, VAT means Value Added Tax. It is presently a major revenue source for the UK Government. It is a misconception that only UK-based businesses are required to register for VAT. Even if you are not based in the UK and don’t run a UK-based business but supply your goods or services to... View Article

07.11.2022Vat Scheme

Flat Rate Vat Scheme – An Insight

The VAT amount that a UK business pays or can claim back from the HMRC (HM Revenue and Customs) is determined by subtracting the VAT amount paid by the business on its own purchases from the VAT that the business charges from its customers. Now coming to the Flat Rate Scheme, if you join this... View Article

28.10.2021Vat Scheme