If you are a business owner in the UK, you might be familiar with the concept of Value Added Tax (VAT). VAT is a tax on the value added to goods and services, as a business owner, you are required to register for VAT if your taxable turnover exceeds a certain threshold.
The global Coronavirus (COVID-19) pandemic has been a challenging time for small to medium sized businesses. So we thought we'd help you out by compiling some of the most frequently asked questions we've received over the last few weeks around the help for small businesses that the government has to offer.
Once a limited company has been formed, Companies House will notify HMRC of the company’s incorporation. Roughly three weeks after the formation HMRC will mail a letter to the registered office explaining what the company needs to do next, in this letter you will find the “Unique Tax Reference” or “UTR”.
Unfortunately we are unable to upgrade company formation packages once they have been purchased. However, you can still pick up the various extra services that we offer post company formation.
Last Updated: 11/09/2014 Our existing customers and regular blog readers will already know that it’s not just limited company formations we can help with, we also offer a number of services useful to limited companies. One area where we offer help is company tax registration.
Updated on 18/08/2014 [caption id="" align="alignright" width="200"] VAT Registration[/caption] PROS • You will be able to recover VAT on your purchases. • The VAT you can recover will not just be from the date you register for VAT but will include any VAT you have suffered on goods or assets purchased 3 years prior to registering for VAT, providing they are still on hand at the time of registration and that you have the evidence of this such as an invoice.