At Thickbroom we can advise companies in the Waltham Cross 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 Waltham Cross area and would like further advice on VAT group registration, please contact Thickbroom.
We'll send you essential business news and handy tax tips to help save you money.
Established for over 50 years, we are an experienced firm of Chartered Accountants.
We have a range of accountancy and support services to help you to manage your business.