There are basically two ways to live financially, first is saving your income and investing it over time to ensure your financial freedom which is not bad at all. Now the second way to live financially is to use credit as money and use the debt to get assets and leverage you way towards your…
Credit cards are the lifeline for most people and they provide variety of benefits for example you can get rewards points for shopping which you can later redeem, credit cards do provide cashback, miles benefits if you use them for air travel and discounts for using the credit card for fuel at gas stations. However,…
Value Added Tax (VAT) schemes in the UK are designed to simplify VAT administration for businesses and provide options for managing VAT liabilities. It’s important for businesses to monitor their taxable turnover regularly to determine their VAT obligations and eligibility for VAT accounting schemes. Understanding these thresholds can help businesses manage their VAT compliance and…
Goods can be dispatched by post, courier or collected by person. Before you charge zero-rate VAT on the goods, make sure you have sufficient bill to support that the goods are exported outside the UK. Q-1 What will happen if the exported goods are returned? You do not have pay any VAT tax as no…
Value Added Tax (VAT) is applicable to a wide range of businesses and individuals involved in the supply of goods and services. This guide will give you a deeper understanding on VAT registration thresholds, rates, and rules which may vary depending on factors such as the type of business, the nature of supplies, and the…
