VAT

It’s also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business sells to either another business or to a non-business customer. When VAT-registered businesses buy goods or services they can generally reclaim the VAT they’ve paid.

VAT is charged depending on the goods or services the business provides.

How this may affect you

• Your business will need to be VAT-registered if you are making revenue over the annual limit
• You will need to complete VAT-returns and submit them to HMRC
• You will need to pay VAT due before the deadline elapses

How we can help you

• We will assist/register your business for VAT
• We can do your bookkeeping as well as VAT calculations and submit your VAT returns
• We will ensure that your VAT returns are submitted on time and that you pay the right amount to the HMRC

Taxation