February 15th, 2019.
Improving a company’s tax efficiency is a sensible step for any business owner to take. To help make sure you’re not missing out on money that’s rightfully yours, growthbusiness.co.uk has compiled a list of five must-know tax breaks.
1. Value Added Tax (VAT) overviewBusinesses that turnover £85,000+ over 12 months are required to register for VAT. You can, however, voluntarily sign up for VAT even if your company doesn’t currently meet or exceed this threshold.
After signing up, your company is legally required to charge VAT on all goods and services. You can then reclaim that VAT when completing your tax return.
Benefits:
For the full story at grownthbusiness.co.uk CLICK HERE.