Ten things you may not know about VAT
VATThere are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know.
There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know.
The VAT threshold for 2017-18 is £85,000 which means that if your business has taxable sales equal to or above this amount over a 12 month period you must register for VAT. For example if these sales from April to March total £80,…
As your business grows there will come a time when you will need to register for VAT. In 2016-17 if your turnover reaches the threshold of £83,000 within a 12 month rolling period you have 30 days in which to register for VAT to avoid a pen…
The Chancellor's Autumn Statement announced a change to the Flat Rate VAT Scheme which many small businesses use to simplify their VAT record keeping.
If you are a VAT registered business you should always be prepared for a VAT inspection. Do you keep your accounts records up to date so you can instantly lay your hands on the paperwork the VAT Inspector is asking for?
