Value Added Tax (VAT)
What is VAT (Value Added Tax)?
Value Added Tax (VAT) is a sales tax in other words tax on sales. It is charged on supply of services and goods.
In the UK, there are three main tax rates standard rate of 20%, reduced rate of 5% and zero rate (0%). There is also VAT exempt supplies as well as supplies that are outside the scope of VAT i.e. not considered for VAT purposes.
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Do I need to register for VAT?
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What are the VAT schemes I can use?
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For further information or if you would like our assistance to run payroll or you would like us to run your payroll, please get in touch with us on 020 7018 2910.
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