Articles tagged: "vat registration"

1: How To Avoid Vat Inspection Problems

Trained vat officers inspect company accounts on a regular basis and know exactly the types of errors likely to be uncovered. The article explains how to avoid problems by keeping accurate accounting records and the most common mistakes businesses make.

2: An Introduction To Registration And Accounting For Value Added Tax

Value added tax is the tax amount added to the value of goods and services by a vat registered business when sold or transferred. Vat is not charged by businesses that are not registered for vat. This guide covers the vat threshold, accounting for value added tax, registration and submitting the quarterly vat tax return online.

3: Save Money With Vat Schemes and the Vat Threshold Knowledge Base

Value added tax is a tax payable by any taxable person or business on sales income unless exempted or zero rated when the annual level of sales reaches the vat threshold limit, raised to 64,000 pounds p.a. from 1st April 2007. Register for vat when the vat threshold is reached to enable vat input tax to be reclaimed and minimise vat liability with a vat scheme.