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.

As an entrepreneur or business, it is important to have all the necessary information to make the right decision about tax compliance. This article is useful for businesses and entrepreneurs that are looking for a fool-proof way to think about their taxes. 

What is VAT? VAT is an acronym for Value Added Tax. It is a sales tax levied on the value of goods or services sold to customers by VAT-registered merchants. According to the legislation, UK traders...

TITLE: How To Check if a Company is VAT Registered: 5 Best Ways When you start up your company or work with a supplier/partner, you may forget to check if your VAT number is valid. It is against the...