VAT

VAT – A simple explanation for new VAT registered businesses

VAT is a term that can cause complications and confusions to many business owners, as well as private individuals. Often, we have been paying VAT without even knowing it as you do not always need to know that you have got VAT on products and services as an individual but when you become a business …

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V is for VAT

V is for VAT VAT is short for Value Added Tax and is charged on most sales of goods and services in the UK. There are different types of sales. Taxable sales or VATable sales are sales in which VAT would be charged. Some sales have special rules which mean they are exempt from VAT …

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VAT

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