VAT

Value Added Tax (VAT) is a tax that is assessed on the value of goods and services that are bought and sold for use or consumption in the EU.

VAT is currently chargeable by UK organisations where they have VAT taxable supplies (sales of goods & services) above £81,000 a year. The standard rate of VAT is currently 20%.

Johnsons can help you with the following areas VAT compliance:

• VAT registration, return preparation and submission;
• Preparation and submission of Intrastat and EC Sales lists;
• VAT groupings;
• Claims of overseas VAT.

We can also provide specialist VAT advice when required.