Aug 29, 2021 | Tax Advice, VAT
What is VAT ? VAT, or very awkward tax as I like to call it confuses and scares many business owners. Above all, Fear not! I’m going to talk to you about what VAT is, how it affects your business, and enlighten with how the VAT system works. This is part 1 of...
Sep 22, 2019 | Accountancy, Bookkeeping and Payroll, Business Success, Money, Services, Tax, VAT
Value Added Tax (VAT) registration, doing it sooner and being an unpaid tax collector seems crazy. It looks complicated, not to mention time-consuming. However, with the right help and guidance, VAT registration, operating it and invoicing are straight-forward and...
Jun 17, 2019 | Accountancy, Bookkeeping and Payroll, Money, Tax, Tax Advice, VAT
VAT- What is it? It is a tax on sales, not profit. It is a multi-stage tax, charged at each stage of the business cycle on the “value added” at that stage. Most importantly the basic principle is that it is actually paid by the non-VAT registered customer. It It is...