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 the risk of financial penalties and fines.
Relax I have got your back and this blog-video picks up from part 1 of the last blog-vlog. Previously the scene was set, framework and overview provided about VAT to set yourself on the right track
What’s covered in this week’s video your responsibilities once you are VAT registered
Watch to see
- The different types of VAT supplies, essentially a different word for turnover
- The conditions for claiming VAT back
- The different boxes in your VAT return
- When to submit your VAT return
- Reverse charging, nothing to do with collect calls!
As an extra treat the video shows you
- The required content of your VAT invoice – customer and supplier
- A sample completed VAT return
- Numbers and illustrations
- An illustration with numbers to make it easier to understand.
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Conclusion
Moreover, my mission is to inform, inspire and educate you to get closer to your numbers. Above all you can make more profit, save tax, save time, improve your well-being, financial understanding and your money mindset. How cool is that?
Get in touch with us to get support with Your VAT responsibilities after registration. Moreover we are here to make your life easier and stress free. Contact us if you need help figuring out and sorting your financial planning, your tax and other accounting and business matters. For more business and finance , news, advice and tips, don’t forget to subscribe and watch our weekly videos on I Hate Numbers, listen to our weekly podcast I Hate Numbers.