VAT Returns

The Consequences of VAT Rise on Quartely VAT Bills

Posted by on June 17, 2011 at 10:06 am

Rise in the VAT from 17.5% to 20% has defenitely had a big impact on small businesses and households throughout the UK in terms of their quarterly VAT. At 17.5% the UK had the lowest standard rate of VAT and the only 0% rate on food of any major EU member state.

Test your knowledge on VAT

Posted by on March 16, 2011 at 8:46 am

Value Added Tax (VAT) is a tax that is charged on most goods and services that are provided within UK. It is also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business […]