What is Value Added Tax (VAT) Before moving on to the matter, considering if you have to pay VAT, it is essential to know what VAT is. The Value Added Tax or VAT is the tax amount that is the...

How do I register for VAT? If you are a business or an entrepreneur, you may register for VAT online, including partnerships as well as groups of companies. You will need to create a VAT online...

This blog post covers some of the most common questions we get asked about taxes for Non-EU residents in the UK. It also gives some helpful tips on how to prepare yourself ahead of tax season this year.

As a business selling goods across the United Kingdom (UK), you are sometimes required to pay VAT or exclude items from VAT sales altogether. In some instances, you are required by HMRC to charge a reduced rate on items that are sold to consumers on E-commerce platforms or at physical locations. 

In this article, we look at VAT sales and non-VAT sales and how you may account for them separately in your business. Some businesses may be providing services to charitable organizations, while others may be selling niche children’s clothes that require them to either charge no VAT or a reduced rate. In other to effectively comply with HMRC, you are required to correctly disclose the amount of VAT you charge on goods or services sold by your company. This article will take you through what you need to know in order to account for VAT and non-VAT sales separately.

In this article, we look at some of the common misconceptions regarding charities and VAT payments. This will ensure that you are equipped to plan any donations you envisage and properly understand the tax implications of your gift to a charity.