If you have already paid VAT in a foreign eu country and also have to pay extra for the same again in your own country then you can certainly reclaim vat to lower the load of double taxation. The entire process could be completed online, particularly if your vat registered business is situated in the […]

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

Let’s say you sell services or goods in the United Kingdom or import them from other countries before selling them then calculating net VAT is essential to know your actual costs. This vat amount represents the exact vat paid or collected on the actual product or service and definately will have to be shown separately […]

If you’re a trader in the UK or any other EU country that has adopted or value added tax as a way of collecting taxes then for selling to vat registered traders it makes sense to sign up for vat. It will be possible to pass on vat benefits to the customers whilst having the […]

If you’re a vat registered trader in Britain then you can avoid the problem of double taxation on services utilized from foreign companies whenever you claim reverse charge vat on services where vat was already paid. This vat procedure will allow you to first pay vat and then cancel it out so your net cost […]