VAT responsibilities begin when your business becomes VAT registered. You are no longer just selling goods or services. You are also collecting VAT for HMRC, charging the right rate, keeping proper records, checking supplier invoices, dealing with reverse charge VAT...
Your VAT responsibilities after registration continue until the day you come out of the VAT system. As an unpaid tax collector for HMRC you must know your duties and responsibilities. The last thing I want is for you to end up on the naughty step with HMRC and run...
About this episode VAT reverse charging can feel confusing because it turns the normal VAT process around. Instead of the seller charging VAT and paying it over, the buyer may need to account for the VAT in their own VAT return. In this episode, we explain what VAT...