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VAT Basics

VAT Registration Limits 2018/2019

VAT Registration Limits 2018/2019

VAT Registration Limits For the current year 2018/2019 your business can turnover £85,000 before it exceeds the limit required to register for VAT. This VAT Registration...
Distance Selling Thresholds Explained

Distance Selling Thresholds Explained

Who is Affected by Distance Selling Rules? The Distance selling rules affect e commerce businesses - those that sell goods over the internet to consumers...
Tax & VAT Advice for Amazon FBA Sellers

VAT Advice for UK Amazon FBA Sellers

With the rise of online marketplaces consumers have become considerably more comfortable buying online and businesses have been given the ability to sell not...
VAT on Exports to Non EU Countries

VAT on Exports to Non EU Countries

VAT is a tax on goods used in the EU, so if goods are exported outside the EU, VAT isn’t charged. You can zero-rate the sale, provided...
VAT on EU Exports

Vat on Exports to EU Countries

If you sell goods to someone in the EU, you may need to charge them VAT depending on their circumstances. Here's what to do...
VAT Moss Overview

How to Register & Use VAT MOSS

VAT MOSS stands for Mini One Stop Shop and affects digital services business providing services to consumers (B2C).  VAT MOSS means that when a business provides...
VAT Moss Overview

Is Your Digital Business affected by VAT MOSS?

VAT MOSS stands for Mini One Stop Shop affecting digital services business providing services to consumers (B2C).  VAT MOSS means that when a business provides...
What is Reverse Charge VAT

What is the VAT Reverse Charge?

The VAT Reverse Charge simplifies the VAT process where services are supplied between the UK and other EU countries.  The reverse charge rules generally...
What is a VAT Surcharge

What is a VAT Surcharge?

What is a VAT Surcharge? A VAT Surcharge is a type of penalty levied by HMRC under two circumstances: When a business does not submit...
Accounting Entries for VAT Surcharges

Accounting Entries for VAT Surcharges

VAT surcharges need to be accounted for as a cost in the profit & loss account (although any VAT surcharges you pay would be...

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