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Get our veteran VAT specialist advice to resolve your VAT related issues

Value Added Tax is one of the most complexes of taxes and requires careful planning to ensure that businesses do not under or overpay. We work closely with you and provide a reliable VAT specialist advice to keep your business grown in this ever-increasing and changing legislation.

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Get our veteran VAT specialist advice to resolve your VAT related issues

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  1. Get Our Veteran VAT Specialist Advice to Resolve your VAT Related Issues

  2. VAT or Value-Added Tax is intended ultimately as a tax on consumer expenditure and is collected on the sale of goods and services. VAT is often charged on the following: - Sales of your goods or services - Exchanges- new for old products, such as cars - Selling business assets - Business goods used for personal reasons - Commission - Hiring or leasing of your goods - Items sold to staff, such as meals

  3. Hire a VAT specialist to create a top-notch VAT plan Value Added Tax is one of the most complexes of taxes and requires careful planning to ensure that businesses do not under or overpay. We work closely with you and provide a reliable VAT specialist adviceto keep your business grown in this ever-increasing and changing legislation. We can assist with the initial registration process, the selection of the most appropriate VAT scheme, advise on record keeping to ensure that the maximum amount of VAT is recovered and help with the completion of returns.

  4. How to Register for VAT? Most businesses can register for VAT online. Your accountant or agent can also sign up on your behalf.

  5. How much VAT should I charge? There are three different rates of VAT, which explains why things can get so complicated. These are the standard rate (20%), reduced rate (5%) and zero rate. The standard rate is charged on most goods and services, while the reduced and zero rate is charged on special goods and services. Meanwhile, some goods and services are classified as VAT-exempt, meaning no VAT is charged and they are not counted in your VAT-taxable turnover. This means that if your business only sells VAT-exempt goods, it cannot register for VAT – even if its turnover is above the £85,000 threshold.

  6. To resolve all your VAT related issues, here are some of the top-notch services we offered: • VAT Land and Property • VAT Assessments Disputes & Appeals • VAT Penalties • VAT Review • Charities & Not-for-Profit • DIY House Builders • Non-Statutory Clearance

  7. We hope this guide helped to make VAT less of a mystery – you may even have picked up a few useful tips. If you want more information on VAT, directly from Millennial Partners, make a pot of coffee (you’ll need it) and visit:https://www.millennial.ae/governance-compliance/

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