You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Logon - Register
Phone: 01242 260066 | Email accountants@mitchells.org
At Mitchells we can advise companies in the Cheltenham area about group VAT registration. Here are some of the issues to consider.
VAT grouping occurs where two or more companies or limited liability partnerships (LLPs) are treated as a single taxable “person” for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
An unincorporated body, such as a sole trader or partnership, is also permitted to join a VAT group provided it makes taxable supplies and controls one or more companies or LLPs.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
Advantages of group registration are:
Disadvantages are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Cheltenham area and would like further advice on VAT group registration, please contact Mitchells.
03 Feb 2023
Interest rates have risen to 4% ? their highest level in 14 years.
02 Feb 2023
A record 11.7 million self assessment taxpayers submitted their tax returns by the 31 January deadline, HMRC has revealed.