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Tel: 01908 566362
We offer a range of high quality accounting, financial and business services in and around Milton Keynes.
At B2B Business Advisors Limited we can advise companies in the Milton Keynes area about group VAT registration. Here are some of the issues to consider.
VAT grouping occurs where two or more companies or limited liability partnerships are treated as a single taxable "person" for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
Advantages of group registration are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Milton Keynes area and would like further advice on VAT group registration, please contact B2B Business Advisors Limited.
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Our handy tax calendar provides an overview of the key tax dates for your diary.
B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.
Keep up to date on the latest from the world of business and tax with our daily news stories.
23 Aug 2019
Following a review, HMRC has said it will continue its risk-based approach to Pay as You Earn (PAYE) Real Time Information (RTI) late filing and late payment penalties this tax year.
22 Aug 2019
HMRC has written to 145,000 VAT-registered businesses that only trade with the EU, advising them to plan ahead for a potential no-deal Brexit.
21 Aug 2019
Manufacturing output in the UK stabilised in the three months to August, according to data published by the Confederation of British Industry (CBI).
20 Aug 2019
In a new report, think tank Bright Blue has called for the government to use the UK tax system to help combat the problem of air pollution.