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VAT

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VAT in United Kingdom

One of the significant advantages of the British tax system over other systems in the European Union is the high VAT registration threshold which currently amounts to GB 83,000.00, although it is possible to register voluntarily in the situation in which the company has not yet reached this level of income.

 

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When registering you need to give the reason for the registration and the address where the company operates –this latter is particularly crucial.

Many companies use additional services provided by accounting offices, which offer the address of their registered office as the registered address for their customers. In the case of VAT registration this practice is not recommended, because the company’s address cannot be the same as that of the accounting office which offers registered address services.

Most companies need to pay VAT quarterly and in this case current bookkeeping is essential. There are three different VAT rates in the UK and a variety of VAT accounting schemes.

Do you have any questions about VAT? Feel free to contact us.

As part of our services we:

  1. 1

    Conduct VAT registration

  2. 2

    Analyse every customer's situation in order to come up with a tax plan

  3. 3

    Prepare quarterly statements

  4. 4

    prepare EC Sales List and Intarstat reports

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