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"
- Chancellor’s VAT Exemption Removal for Healthcare Speculated, Government Denies £2 Billion Revenue Promise
- Wes Streeting Rules Out VAT on Private Healthcare in Upcoming Budget
- VAT Exemption for Locum Doctors: Impact on NHS Trusts and Recruitment Agencies
- HMRC to Release Preliminary VAT Gap Estimate for 2024-2025 on November 26, 2024
- Keir Starmer Faces Criticism for Not Ruling Out VAT Increase Amid £30bn Financial Gap
