VAT
All businesses, regardless of legal structure, must register for and pay 20% Value Added Tax (VAT) if they sell more than £85,000 of saleable goods or services. Not all goods or services have VAT applied while others may have less than a 20% rate applied. Though the one advantage of being registered to pay VAT is that your business also becomes eligible to reclaim VAT applied to any goods or services purchased and should roughly equal each other. This is handled efficiently by our VAT Returns service.
