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VAT

Value added tax is added to most goods and services. If your business has a turnover of £85,000 then you must  register for VAT. This means that you are legally obliged to charge VAT on all VAT-able products and services and must submit a quarterly VAT return to HMRC.

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With rapid changes and a myriad of current rules and legislations implemented, it can be challenging to constantly remain compliant. 

Expert VAT Advice by Our Professional Accountants

Stay compliant with current VAT regulations with our team of skilled accountants. We guide you through VAT registration and deregistration, providing accounting software for seamless VAT record-keeping. Streamline return preparation and submissions, minimizing disruptions to your core business operations.

Ask an Expert
FAQs
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    1. Who needs to pay VAT?

VAT payments primarily stem from output tax, ultimately covered by customers. It is incumbent upon businesses to remit these payments to HMRC. In most cases, businesses can recover VAT related to their operations, termed as input tax. However, certain items may not qualify for VAT reclamation.

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​    2. What is VAT registration in UK?

VAT, or Value Added Tax, is levied on the sale of goods and services by businesses registered for VAT. Mandatory registration is required for businesses with a VAT taxable turnover exceeding £85,000. Additionally, businesses with turnovers below £85,000 can opt for voluntary registration.

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    3. Who is VAT exempt UK?

VAT exemptions typically encompass services deemed essential by the government. This category includes financial services, sporting activities, medical treatments, education, postal services, artwork, and burial arrangements.

If you are interested, contact us here or call 01753527069

If you are interested, contact us here or call 01753527069

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