by Kim Lee | Sep 13, 2017 | Taxation, VAT
This week I was asked “My turnover is below the VAT Registration Threshold so I do not have to register, I have heard that I can voluntary register and I was wondering what the benefits (if they are any) are of doing this?” Value Added Tax (VAT) is the sales tax...
by Kim Lee | Apr 10, 2017 | Taxation, VAT
From April 2017 Limited cost businesses will have to use 16.5% flat rate. If you are a Low or Limited cost business then it may well be time to leave the flat rate scheme or see your flat rate increase to 16.5%. A limited cost business is defined as: Amount spent on...
