GMT Accounting Ltd


VAT Schemes Explained

What is VAT? VAT stands for Value Added Tax and is a form of indirect taxation used by the Government to raise income. VAT is charged on most business-to-business and business-to-customer transactions. Businesses must register for VAT when their “taxable turnover” exceed the “VAT threshold”, which currently stands at £85,000. Some businesses opt to register

VAT Schemes Explained Read More »