Before we get into the in depth discussion of VAT and related issues let us discuss what VAT is. Value Added Tax or VAT is the tax that a consumer or a buyer would need to pay for whatever service or product they purchase. VAT is applicable to everyone – from a high street consumer … Continue reading A Brief Account of Vat and Related Issues on Small Business
VAT returns are considered a complex process that is also filled with a lot of burden. It is referred to as an indirect tax that the government charges on most of a business’s goods and services. If your business has a turnover of more than 85,000 euros, you will have to register for VAT. At … Continue reading Do You Really Need an Accountant to Make Your Vat Returns a Success?