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.

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Construction VAT Rates
Fahad Lateef

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.

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Fahad Lateef

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.

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Our Experts

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.

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Support for energy bills in the uk

Support for Energy Bills in the UK  

To tackle the rising energy costs that skyrocketed the price of living in the UK, the government has announced on the third of February a package of support in various schemes—energy bills discount, Council Tax rebate, and discretionary funding—worth £9.1 billion for the financial year 2022-23.

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Long awaited Windfall Tax

Long Awaited Windfall Tax 

You might be wondering what windfall tax is and why it is being imposed in the UK? The answer to this riddle is that a windfall tax is levied against companies deemed to have made excessively high profits, or a ‘windfall’, from circumstances they did not engineer.

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