Although the UK adopted the practice of vat or value added tax in 1973, the country?s traders now pay taxes on services and goods as per vat act 1994. The act puts several vat regulations into place for efficient tax collection on taxable sales created in the United Kingdom. The 1994 VAT act explains the […]

Starting a trading or manufacturing business in the UK will proceed seamlessly only when you learn about hm customs and excise duties and make all your payments in time. Most duties and taxes in Britain are managed by hm revenue and customs or hmrc, which has been established in 2005 after the merger of hm […]

If you’re a registered trader in Britain then by paying vat online you can save time and effort. Anyway, the HM revenue and customs or hmrc vat department has already made it mandatory for all traders having a sales turnover of ?100,000 or even more and all vat registered traders after April 01, 2010, irrespective […]

If you have already paid VAT in a foreign eu country and also have to pay for the same again in your own country then you can reclaim vat to lower the burden of double taxation. The entire procedure can be completed online, especially if your vat registered business is located in the UK in […]

If you are a vat registered trader in the UK you would then have to pay vat on many services and goods but did you know that claiming vat back can enhance your business income? In case you have already paid vat once on any services or goods required for your business or paid vat […]