Real Business

VAT: Everything you need to know

VAT raises income for the government and stands for Value Added Tax the amount of tax added to the value of goods or services you buy. All VAT-registered businesses must charge VAT on the goods or ...
Inside Housing

Sector bodies urge government to extend zero-rate VAT on remediation and apply it to building safety works

Two major sector bodies have called on the government to review VAT on works to existing homes, to zero-rate VAT on building ...
Small Business

VAT registration: the facts

VAT is administered by HMRC. If your annual turnover exceeds £90,000 in the previous 12 months you are required to register for VAT (threshold as from April 2024). This means that once registered you ...
Real Business

How VAT Works For Limited Companies

Value Added Tax, known as VAT, is a tax placed on goods and services at every stage of a product’s journey, but it is an indirect tax that must be calculated by the provider of the service. Limited ...
The Citizen

Compulsory Vat registration threshold last increased in 2009

The compulsory threshold for value-added tax (Vat) registration has been R1 million for the past 16 years. If it had kept pace with inflation, the threshold would have been in line with global ...