Tel: 01444 257155
At Peter Lawson & Co we can advise companies in the Burgess Hill area about group VAT registration. Here are some of the issues to consider.
VAT grouping occurs where two or more companies or limited liability partnerships are treated as a single taxable "person" for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
Advantages of group registration are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Burgess Hill area and would like further advice on VAT group registration, please contact Peter Lawson & Co.
21 Sep 2018
In a new report, the Treasury Select Committee has called for 'greater regulation' of cryptocurrencies and crypto-assets.
20 Sep 2018
Data published by the Office for National Statistics (ONS) has revealed that inflation unexpectedly rose to a six-month high of 2.7% in August.
Once a month we’ll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up now!
Our summary of the key announcements from the Chancellor's latest Budget .
Read about the budget