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VAT returns services - 2021 | Season Associates

Completing your VAT returns services can be a complicated task. By subcontracting this to us, not only will you free up time, but you will also be able to be confident that your VAT returns are handled by experts. <br>http://seasonassociates.co.uk/vat-service/

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VAT returns services - 2021 | Season Associates

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  1. VAT Services Presented by Season Associates

  2. What is Vat Services? • VAT which is a short form for Value Added Tax is a complex tax return which one needs to file mandatorily if they cross the VAT threshold specified by the government. • VAT in UK is complicated and is difficult to understand especially for small and medium business owner. One on not filing VAT returns can be subjected to penalties and other stringent actions by the HMRC if they have crossed VAT Threshold. • For charging VAT, one must be a VAT registered organisation or an individual.

  3. Some of the key points associated with VAT return HMRC are: • It Becomes mandatory to register for VAT if you cross the VAT threshold which is €85000 post 2017. • For VAT return you must register with the HMRC from where you will get a VAT registration Number.  • By Charging VAT, one must keep in mind that the selling price of their product or service increases by 20%. •  If one is charging for VAT it becomes Mandatory for them to charge VAT for both the VAT registered and non-registered customers. •  If one is paying VAT and if they are a VAT registered organisation / individual, they can claim their money back from the HMRC. •  VAT return in UK is generally filed on a quarterly basis with the HMRC.

  4. VAT return HMRC dolor • Filing VAT return to the HMRC is to be done every three months. This tenure is during which return is filled is called as accounting period • For accounting period, the things that are recorded during VAT return are: • Total business done that is sale and purchase • VAT that is owed by you to the HMRC • Reclaimable VAT amount • VAT return HMRC that is been refunded Vat return is to be submitted even if for a given accounting period there is no VAT charged or PAID.

  5. UK VAT threshold and returnDepending on the type of business the VAT rate varies, maximum being 20% and minimum 0% depending on the business and its type. Threshold for VAT return is €85000. The below mentioned VAT rates are practices depending on the business/ goods/ service

  6. Feel free to resolve your query @ • Phone No:07789 038 444 / 02079932090 • Email: info@seasonassociates.co.uk • Website: http://seasonassociates.co.uk/ • Address: Season Associates 44 Broadway, London, E15 1XH

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