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At Branston Adams we can advise companies in the Surrey area about group VAT registration. Here are some of the issues to consider.
VAT grouping occurs where two or more companies or limited liability partnerships are treated as a single taxable "person" for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
Advantages of group registration are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Surrey area and would like further advice on VAT group registration, please contact Branston Adams.
18 Oct 2018
HMRC has launched a second pilot scheme for Making Tax Digital for VAT (MTD for VAT).
17 Oct 2018
The Bank of England (BoE) has confirmed that it intends to issue a new £50 note.
16 Oct 2018
The Association of British Insurers (ABI) has urged Chancellor Philip Hammond to avoid increasing Insurance Premium Tax (IPT) in the forthcoming Budget.
Get in touch with Branston Adams to arrange your free consultation.