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    You can only charge VAT to your customers, if your business is registered for VAT in HMRC.


    VAT is charged on things like:

    • Business sales – for example when you sell goods and services.
    • Hiring or loaning goods to someone.
    • Selling business assets.
    • Commission.
    • Items sold to staff – for example canteen meals.
    • Business goods used for personal reasons.
    • ‘Non-sales’ like bartering, part-exchange  and gifts.

    These are known as ‘taxable supplies’. There are different rules for charities.



    VAT-registered businesses:

    • Must charge VAT on their goods or services.
    • May reclaim any VAT they’ve paid on business-related goods or services.


    If you’re a VAT-registered business you must report to HM Revenue and Customs (HMRC) the amount of VAT you’ve charged and the amount of VAT you’ve paid. This is done through your VAT return which is usually due every 3 months.


    We help business owners understand the basics of VAT, advice on the most appropriate VAT scheme to select, advice on the appropriate time to register for VAT and not miss out the benefits of VAT registrations. More importantly we look to ensure opportunities are not missed particularly in areas such as land and property.


    Simply click CONTACT and enter your details below then we’ll contact you to arrange a no-obligation Meeting.

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