Value Added Tax Tips
If you run a small business, here are some tips on how to stay on top of your VAT responsibilities – from avoiding being in the wrong books with HMRC to choosing the best Value Added Tax scheme. For comprehensive information on how to calculate your Value Added Tax liabilities, click here to visit the HMRC website. Alternatively, click here to read our VAT overview. Top Ten VAT (Value Added Tax) Tips Get in Touch Consider getting in touch with HMRC's Value Added Tax helpline by calling 0845 010 9000 between 8 am and 6 pm, or visit HMRC's VAT microsite by clicking here. Register for VAT It is essential that you know when your business needs to register for Value Added Tax. You are required to register if your business' turnover reaches the 77,000-pound mark within a financial year. On the other hand, you could voluntarily register for VAT even if your turnover hasn't yet reached the threshold. Choose the Right Value Added Tax Scheme for Your Enterprise Apart from the normal