Is your business VAT compliant?
VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit, temporary rate changes due to COVID-19, the rollout of Making Tax Digital for VAT and new rules relating to the reverse charge and subcontractors, this is a complex time for a business grappling to ensure VAT compliance. With penalties in place for non-compliance, it’s important to seek professional help to aid with navigating any tricky issues.
In this Active Practice Update we consider:
- Who should register for VAT?
- Supply of goods or services
- When to register for VAT?
- VAT schemes to register under
- VAT & COVID-19
For full details click here
If you would like to discuss in more detail any of the issues raised with a member of our team, please call 01772 741200