VAT (Value Added Tax) that is, the tax on the added value of goods and services — is the most widespread form of consumption tax in the world. If you run a business in the United Kingdom, it’s likely that the goods or services your company trades in are subject to VAT and included within the scope of the UK tax calculator.
Depending on the nature, scope, and turnover of your business, you may be required or even legally obliged to register for VAT with His Majesty’s Revenue & Customs (HMRC).
You can obtain information on whether your company should register for VAT during a consultation with an MB TAX ADVICE tax expert specializing in Limited companies. Only a specialist consultation and a clear understanding of your needs and expectations allow for making the right strategic decisions.
Don’t be tempted by so-called “accountants” or unprofessional, unauthorized advice found online.
MB TAX ADVICE serves dozens of various businesses, including Limited companies registered for VAT. The London accounting office of Monika Sharma can optimize your company’s tax return in line with your expectations and UK tax law, ensuring a beneficial UK tax refund for your business.