UK Tax

The online service for checking a UK VAT number is available at: www.gov.uk/check-uk-vat-number. This service can be used to check: if a UK VAT registration number is valid; and the name and address of the business the number is registered to. The service also allows UK taxpayers to obtain a certificate to prove that they checked […]

The chances are that as a growing business you will quickly encounter the UK’s Value Added Tax (VAT) system. There is a complete VAT explainer here, but in brief, you must register for VAT if:  you expect your VAT taxable turnover to be more than £85,000 in the next 30-day period  your business had a VAT taxable turnover of more […]

Our checklist for completing a UK VAT return below provides details on what information is to be included on the UK VAT return. 1.VAT due on sales and outputs VAT due on sales and outputs is the total amount of VAT charged on sales for goods and services in the period covered by the return. […]

In the UK, you can’t charge VAT on exempt items or services. Exempt goods or services are supplies that you can’t charge VAT on and the “exempt” category relates to a limited number of UK services like health services provided by doctors, insurance, and gambling. Exempt goods or services. If you buy or sell an […]

For many businesses setting up in the UK for the first time one of the elements of accounting they find most challenging is Value Added Tax (VAT). It’s a staple of the UK tax system and has many elements in common with General Sales Tax in Aus/NZ.  However, there are some peculiarities of the UK’s […]