VAT For Non-UK Companies: What You Need To Know
For many businesses setting up in the UK for the first time one of the elements of accounting they find most challenging is Value Added…
Tax and duty on goods sent from abroad
There are special rules to help ensure that goods sent from abroad are taxed appropriately. The aim is to not disadvantage UK businesses supplying goods
Don’t let tax be taxing
Q: We recently had a problem with confusion over our VAT return and the issue of paying import duty on goods we bought from abroad.…
Do I need to be VAT registered in the UK to sell our products?
The importance of understanding VAT when doing business in the UK can’t be overestimated. HMRC is especially proactive when it comes to enforcing VAT compliance,…
When not to charge VAT in the UK
In the UK, you can’t charge VAT on exempt items or services. Exempt goods or services are supplies that you can’t charge VAT on and…
What is required to be VAT registered?
What is required to be VAT registered? The requirements are simple and would be typical in the sector that you operate if such a registration…
Important news from the 2020 Summer Budget
The Chancellor Rishi Sunak unveiled further government support during the Summer Budget and here is our overview: Coronavirus Job Retention Scheme (CJRS) With the CJRS…
What must a UK VAT invoice show?
For those company’s that are raising sales invoices, we are often asked during the initial setup stage – what must a UK VAT invoice show?…
UK VAT – what is it and when do I need to register?
UK VAT (Value Added Tax) is a sales tax. It is however, a cost to individuals and businesses that are not VAT registered as these…