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.
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Value Added Tax (VAT) is a fee applied to an inventory of UK services and products. The deposit must be collected by someone known throughout the establishment for VAT purposes.
All of the items that are either purchased or on sale have a specific amount of tax on them. This tax may be called VAT.
The number of eCommerce businesses launching in the UK is increasing for various reasons. Here are 7 reasons why accounting for eCommerce companies is challenging and a few other challenges they encounter upon launching.
Employing an accountant is an unquestionable requirement for your business if you have never done such, and for this reason, we have compiled this guide to give you 11 reasons why you should hire an accountant for an online business.
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.
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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