Value Added Tax

Value Added Tax

Value-Added Tax is the additional cost charge to the purchased product. The articles provided in this category explain how the concept works and what are the rules behind it. It also discusses the different types of VAT and when each should be applied.

If you have any concerns or further questions that are not covered so far by the given articles, feel free to send us a message or book an appointment with our experts to discuss your concern. It’s an honour to help and guide you on this matter.

VAT Schemes
Fahad Lateef

8 Different VAT Schemes in UK To Choose From

As a business, you are seemingly charged VAT on most of the services and products you purchase. That implies charging your clients VAT, keeping VAT records, and paying the VAT you’ve gathered to HMRC.

Read More »
Construction VAT Rates
Junaid Usman

Construction VAT Rates

One of the more convoluted aspects of VAT is the treatment of construction work in the construction industry. The construction VAT rates for new structures is charged at the zero rate of VAT, given that the building is to be used for a social reason.

Read More »
Faizan Rashid

Claiming Back VAT

Is there any way for claiming back VAT? Imagine you are paying VAT on different goods and services but you have no awareness about how to claim the VAT back! Then you are at a loss. So let’s go through some basic details.

Read More »

Our Experts

Fahad Lateef
Fahad Lateef

Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.

Junaid Usman
Junaid Usman

Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.

Faizan Rashid
Faizan Rashid

Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.

The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.

Most Popular

Tips to reduce income tax on investments

Tips to Reduce Income Tax on Investments 

This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).

Read More »

LET’S DO BUSINESS

The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.

LET’S DO BUSINESS

Scroll to Top