VAT Groups can be an extremely helpful, and money-saving, approach to VAT registration for many businesses, especially those operating in partly or wholly exempt sectors (e.g.: care homes).
However, they also come with a huge amount of anti-avoidance legislation to be aware of. To complicate matters further, HMRC are still, unfortunately, taking quite a long time to process these applications. This comes with important practical considerations…
Source Ciaran McGee
Latest Posts in "United Kingdom"
- UK Should Lower or Abolish VAT Threshold to Boost Small Business Growth and Efficiency
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
- UK VAT Threshold Debate: Growth-Boosting Increase or Revenue-Raising Decrease at Autumn Budget?
- Chancellor Proposes Raising VAT Registration Threshold to £100,000 to Boost UK Economy
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC