No one likes paying it – but VAT is one of the things you can’t ignore when setting up a new business.
Even if it turns out you don’t need to register your business for VAT, there’s a good chance that some of your contacts and suppliers will add VAT to their invoices. So rather than avoiding the subject and crossing fingers that the VAT man won’t find you, read our easy guide to find out what it’s all about and whether you need to register.
What is VAT?
VAT, or Value Added Tax, is a tax on business transactions in the UK. Some transactions are exempt but most goods and services are subject to VAT. The standard rate is… Continue Reading
The post Do I Need to VAT-register My New Business? appeared first on Perfect Prosperity Blog.