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At Bruce Marshall & Co we can advise companies in the Sandbach 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 Sandbach area and would like further advice on VAT group registration, please contact Bruce Marshall & Co.
According to research published recently by the Carbon Trust, 67% of UK businesses will begin to incorporate climate change risks and opportunities in their 2019 annual reports.
24 Jan 2019
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