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Chartered Certified Accountants Tax Consultants Registered Auditors
DOUGLAS FAIRLESS PARTNERSHIP
0151 709 1931/9187 firstname.lastname@example.org
At Douglas Fairless Partnership Ltd we can advise companies in the Liverpool 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:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Liverpool area and would like further advice on VAT group registration, please contact Douglas Fairless Partnership Ltd.
Request your free initial consultation today, simply fill in our online form.
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