VAT advice and assistance

Help is at Hand from our Offices in Rye, Tenterden and Bexhill.

VAT was introduced in the UK on 1st April 1973 as a simple tax – it is no longer simple. New businesses need to be aware of the VAT registration limits, the poverty trap that is sometimes triggered on registration and the flat rate scheme for smaller businesses (and the traps involved in that scheme for the unwary).

Businesses, which are registered for VAT, should be aware of differing rates of VAT including exempt supplies and those, which are outside the scope of VAT. Partial exemption rules need specialist advice.

There are special rules for many situations and types of businesses including charities, the supply of second hand goods, tour operators, buildings and construction and imports and exports.

The above is but a brief summary and specialist advice is required at all times to ensure that substantial VAT pitfalls are not arising. We can do the returns for you of course.