Home | Contact Us | Register | Logon
Call 0115 949 6838 | Email email@example.com |
Advantages and disadvantages of VAT grouping.
At Ling Phipp we can advise companies in the Nottingham 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 Nottingham area and would like further advice on VAT group registration, please contact Ling Phipp.
15 Jun 2018
New plans outlined by the government could require large businesses to justify executives' salaries.
14 Jun 2018
The Association of Accounting Technicians (AAT) has stated that inheritance tax (IHT) is 'unnecessarily complicated' and 'widely misunderstood'.