11 FAQs About VAT Registration & Filing
11 FAQs About VAT Registration & Filing Octa Accountants 7 Min Read Aug 20, 2024 VAT Tax Filing VAT registration and filing is essential if you’re running a business in the United Kingdom. Here, we have answered a list of frequently asked questions (FAQs) about VAT registration and filing. 1. When is VAT Registration Required? […]
How to calculate VAT on Amazon sales?
How to Calculate VAT on Amazon Sales? Octa Accountants 6 Min Read Aug 8, 2024 VAT Tax Filing VAT is a prerequisite for any business operating in Europe and a major cost driver; thus, knowing about VAT is mandatory for any Amazon seller. For beginners in selling or those who want to expand their business, […]
Requirements for VAT Registration in the UK
Requirements for VAT Registration in the UK Octa Accountants 10 Min Read Mar 20, 2024 VAT Registration One of the most important requirements for VAT registration in the UK is that businesses with a turnover that exceeds the threshold should be registered with the tax authorities. Here are the points that you should be focusing […]
7 Best Blogs For Accountants To Follow
7 Best Blogs For Accountants To Follow Octa Accountants 6 Min Read Mar 7, 2024 Accounting Tips We have compiled a list of best blogs for accountants to follow. Why? Because finding reliable and informative accounting blogs can be a valuable resource for professionals in the field. The world is moving faster and faster, so […]
How to calculate VAT?
How to calculate VAT? Octa Accountants 5 Min Read Jan 31, 2024 VAT Registration Value Added Tax (VAT) computation is an essential skill for companies doing business in the UK. Value-added taxation is a consumption tax that is applied to the value added to products and services at every point in the supply and delivery […]
Guide: How to Register for VAT in 2023?
Guide: How to Register for VAT in 2023? Octa Accountants 6 Min Read Mar 31, 2023 Company Incorporations WHAT IS VAT? VAT, or Value Added Tax, is a tax charged upon the price of goods and services in the United Kingdom. Moreover, the standard rate for VAT is 20%; however, this rate is reduced to […]
What are the different types of VAT schemes in the UK?
What are the different types of VAT schemes in the UK? Octa Accountants 5 Min Read Feb 10, 2023 Accounting & Bookkeeping The way VAT operates differs depending upon what VAT scheme you register. Different types of VAT schemes have distinct criteria such as eligibility and reporting standards. Let us explain different types of VAT […]
How to Register for VAT?
How to Register for VAT in the UK? Octa Accountants 11 Min Read Dec 15, 2022 VAT Registration VAT or value-added tax is a payable amount on most products and services in the UK. Although customers pay the tax while making a purchase, businesses (that earn over a specific threshold) have to charge it and […]