Part of running a successful business involves understanding and complying with your tax requirements as and when they arise whether you are starting a new venture or are an established company it is essential to know your position in relation to vat including how the various rules apply to you when should you register for . A vat tax or value added tax is a taxing method that has been used throughout the world since the 1950s the principle behind the vat tax is that a tax is imposed on the buyer all the way up the supply chain of a product from the initial purchase of raw materials through to the retail consumer of the product it also applies to the sale of services. Its likely that you understand how vat affects your daily life but when it comes to commercial property investment its not always as clear cut in this post we help you understand how vat affects commercial property investments and what this means for you as an investor vat explained vat or value added tax is . Value added tax vat is a consumption tax payable on the goods and service consumed by any person whether government agencies business organizations or individuals the target of vat is consumption of goods and services and unless an item is specifically exempted by law the consumer is liable to the tax. Value added tax or vat is a tax charged on most goods and services provided by vat registered businesses in the uk vat is charged when a registered business sells to either another business or to a non business customer when registered businesses buy goods or services they can generally reclaim the vat theyve paid there are
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