charging vat when not registered

When your business isn’t registered for VAT, you must not charge VAT. The taxable supplies of goods and services that VAT-registered businesses make must be subject to taxation, but they can reclaim the VAT that they have paid on those supplies. If an invoice shows VAT when the invoice user is not registered for VAT,… Continue reading charging vat when not registered

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how can i check a vat number

If you’re looking for instructions on how to check your Vat number, we’ve got you covered! This post will show you step by step how to find it via your Enquiry page on HMRC’s website, along with the other information that they store there. All you need to do is follow the steps below and… Continue reading how can i check a vat number

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hmrc how to pay vat

Hi! On this post, I’m going to be telling you about HMRC’s new website that makes paying VAT easier. Hopefully, this will enable you to get back to work sooner and make starting a business much less of a headache. Do you know what VAT is? It stands for Value Added Tax, which is a… Continue reading hmrc how to pay vat

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explain when and how a business should register for vat

When and how should a business register for VAT? To answer this question, it’s important to understand what VAT is. VAT stands for Value-Added Tax and its purpose is to tax commercial activities that have value added after they’ve been completed. Attributing the value of a product or service to the production process would break… Continue reading explain when and how a business should register for vat

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check when vat return is due

If you’re a business, you need to know when the value of goods is added to your VAT return. It needs to be reported on your VAT return, and if there has been a delay, it could result in an HMRC investigation. Keeping track of the date deadlines for VAT returns might seem difficult at… Continue reading check when vat return is due

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charging vat when not registered

In article 5.7 of the Value Added Tax Act 1994, there are four basic points that show what VAT-registered traders are entitled to do in the event of being a non-VAT registered trader. 1) They may charge VAT on any goods or services they provide and keep all revenue from such trading activity as well… Continue reading charging vat when not registered

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