VAT

Once the eligible turnover of a business exceeds established limits (currently £64,0000) all businesses are required to register for VAT by law and thereafter to act as an unpaid tax collector for H.M. Customs & Excise. The current de-registration limit is set at £62,000.00.

Compliance with the large number of VAT regulations is an onerous responsibility and the penalties for inaccurate returns can be quite severe. Nova Business Services can register your company for VAT and make the necessary monthly or quarterly returns for you.

It may be in your interest to register for VAT voluntarily, Nova Business Services will be able to assist you with this decision.

 

 

Contact us