Financial and Lifestyle Freedom for UK Business Owners
Business:Management
VAT registered businesses act as the collecting agency for HMRC and as such are required to submit a return and pay VAT to HMRC. In this episode, you will get important information on how to pay VAT in the UK and also the basics of VAT for your business. Be sure to pay attention to everything being said here so you can be guided accordingly and not incur penalties if you can't comply with the regulations of HMRC.
Here are a few insights you’ll hear in today’s show…
Resources:
Register for VAT: https://www.gov.uk/vat-registration/how-to-register
VAT rates for goods - including exempt, zero rates, outside scope and reduced rate: https://www.gov.uk/guidance/rates-of-vat-on-different-goods-and-services
HMRC VAT bank details: https://www.gov.uk/pay-vat/bank-details
Surcharge table: https://www.gov.uk/vat-returns/surcharges-and-penalties
Connect to Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -
https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522
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