VAT REGISTRATION - TAX TIP

Are you buying new equipment to start your business? Are you purchasing goods for resale or export to new clients? In either situation we strongly recommend that you voluntarily register for VAT at the time you register your new company. Buying a copier or laptop or just file cabinets and desks can be a huge expense for any new business. In England and Wales you must pay VAT of 17.5% on such purchases. If you voluntarily register for VAT at the time you register your new company, you will be able to claim back your VAT expenses on those types of purchases. So pay £1000 for a new computer, you claim back the VAT of £175! This same concepts applies to goods you purchase for export or resale! We can prepare your VAT application and documentation for a fee of £35 plus VAT at the time you register your company.