Value Added Tax (VAT) is a tax that is charged on most goods and services that VAT-registered businesses provide in the UK. It is also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries.

Most businesses with a sales level greater than the ‘VAT threshold’ are required by law to register for VAT and charge VAT on their ‘taxable supplies’.

Along with calculating, completing and filing your VAT Returns with HMRC, G Salomon & Co can help you decide which VAT scheme is the most economically beneficial for your business.