This discussion is based on what is the VAT threshold. Value Added Tax (VAT) is an important tax in the UK that can have a significant impact on businesses of all sizes. In this discussion, we will explore the key concepts and rules that surround the VAT scheme in the UK. Including the VAT threshold, […]
What is VAT Threshold? Read More »
Post-pandemic, many businesses are finding that their trading circumstances have changed such that the non-standard VAT scheme under which the business is registered is no longer appropriate. The turnover may have increased so they are no longer eligible. VAT schemes are designed to simplify how some VAT-registered businesses calculate and account for VAT and are
When Should a Business Leave a VAT Scheme? Read More »
