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 |  | | Demonstration One Company | | Giving Clients The Best Advice! |
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Value Added Tax (VAT) is a tax charged on most business transactions made in the UK or the Isle of Man.
All goods and services that are VAT rated are called ‘taxable supplies’. You must charge VAT on your taxable supplies from the date you first need to be registered. The value of these supplies is called your ‘taxable turnover’
Some examples of taxable supplies:If you are VAT registered, you will charge VAT on many goods and services you supply to customers in the UK and Isle of Man.VAT does not apply to certain services because the law says these are ‘exempt’ from VAT. These include loans of money, some property transactions, insurance and certain types of education and training. Supplies that are exempt from VAT do not form part of your taxable turnover.
It is also charged on goods, and some services, imported from places outside the European Union and on goods and some services coming into the UK from the other EU countries.
1.Selling new and used goods, including hire purchase.
2. Renting and hiring out goods.
3. Using business stock for private purposes.
4. Providing a service, for example hairdressing or decorating and
5. Charging admission to enter into buildings.
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Thinking of taking somebody on…
If you’re thinking of taking somebody on and you’d like some information before becoming an employer the Prospective Employer Pack (PDF 154K) contains guidance which can help.
When to register
You should register as an employer once you start employing somebody, or have taken on sub contractors, and
You can register up to four weeks in advance of your first payday.
Preparing to Register
Before you can register as an employer you need to gather information about your circumstances. Gathering information now will save time as
- providing this information now ensures we have the correct details from the beginning without having to contact you again in the future
- if you apply to register using our email system you must complete all the required details on the form in one session
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After many months of planning, we are delighted to announce the launch of our new Website. We hope you enjoy your visit and if you feel like giving any feedback on site content or what you would like to see included in the future, then please Contact Us and we will be delighted to listen to your comments.
A feel for who we are
Our new site is designed to make it easier for potential clients to gain a feel for what type of Practice we are. Instead of merely quoting the obvious, for each of our services we try and differentiate ourselves to help visitors decide if we are the type of Accountant they wish to build a relationship with.
Existing clients
For existing clients, we hope the new site gives a good point of reference when referring us to business associates. A Web address is much easier to remember than a telephone number, we hope?
Our site has also been designed to offer additional support to existing clients and make it much easier for them to keep updated on what is happening at our Practice. In this news section, we will also be posting News Articles or reminders of important legislation or government deadlines.
The future of our Website
In the future, we hope to add additional functionality to our Website to help give our clients an even better level of customer service. We hope the site becomes more of a proactive business tool, making it easier for clients to interact with us and vice versa. To ensure we include functionality that is beneficial to our clients, please feel free to contact us with any suggestions of how we could improve the site to give you more benefit.
Thank you for visiting our Website. Please enjoy the rest of your visit.
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