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VAT | J Nelson & Co


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VAT (Value Added Tax is one of the most complex and onerous tax regimes imposed on business.) — Value Added Tax is one of the most onerous tax regimes imposed on business. VAT is commonly overlooked by many businesses and its complexity is not appreciated. Quite often firms over and underpay VAT due to misinformation.

The compulsoriness of VAT registration and how VAT is calculated depends on a number of factors such as:

  • What is the current turnover?
  • Which VAT scheme should be used?
  • What products will be charged VAT and which will not?
  • Where VAT is paid?
  • When is it compulsory?
  • Can I de-register for VAT?
  • What can and cannot be claimed?

With our experience and knowledge, our taxation department are ready to answer any queries or problems you may have regarding VAT to ensure you are not overpaying.

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