The majority of people will know what VAT is. It’s possible that many are unaware that one-third of all fiscal earning comes from VAT. Everybody is impacted by VAT when making purchases, whether they are made online or on the local main street. Although the fact that it is still one of the least understood […]
The Best Guide to Get to know About the Flat Rate VAT Scheme Read More »
A sum of money that a company pays to its shareholders is called a dividend. The company can only pay when it has made a profit and is earning cash. Whether you own a limited company or you are the sole shareholder of your business or have few shareholders (you and your partner) the fact
How Do Dividends Work In The UK? A Basic Guide Read More »
VAT numbers of the businesses are of vital importance. If a company is VAT registered, it’d get a VAT number that is needed by other businesses to reclaim the VAT they have paid. Without this number, other businesses can’t reclaim the VAT. Here, most of our customers face difficulty checking if the business, they’re dealing
How to Check If a Company is VAT Registered? Read More »
You may carry out business in the food line, you can be part of a restaurant, cafe, manufacturing company or you may own a restaurant. have you ever heard of VAT on food? Yes, you heard it right! now you must be wondering how is it possible and the answer is that it is possible
A Guide Based on VAT on Food Read More »
In the European Union and OECD, the UK has the highest registration threshold for VAT. As per the government’s research, the threshold of £85,000 implies that about 3.55 million small enterprises avoid VAT registration. In case the annual turnover of the enterprises that are VAT registered falls under the given threshold (£83,000) of deregistration, they are allowed to
VAT Deregistration – An Ultimate Guide! Read More »
If your company is bringing out zero rated VAT items, why not enroll for VAT and claim back the charge you presently pay on outgoings and costs? The fundamental rule for VAT is that everything is subject to VAT at the basic and minimum rate unless the law makes a special case for it. The
Difference Between Zero-Rated Vat Items and Exempt Supplies Read More »
HM Revenue & Customs is responsible for managing taxes in the United Kingdom. The main types of taxes are Income tax, NICs, VAT, Corporation Tax, Excise & Stamp duties. In most of the taxes, people with high income pay a high rate of taxes. Once you pay your charges within the UK, it can include
6 Main Types Of Tax To Pay In The UK – Taxation Guide Read More »
While submitting your VAT returns, mistakes can occur. Whether it’s missing an important entry or adding a wrong figure. And there are circumstances where mistakes are sometimes unavoidable. So, if you find that you have made a mistake after submitting your VAT returns, don’t panic there is a solution. You just need to put things
Correcting VAT Errors on a Return Already Submitted Read More »
