Tag: simple tax

VAT is the question

No Comments »

VAT is not the ‘simple tax’ which Chancellor Anthony Barber referred to when it was introduced in 1974. While it may not offer planning opportunities to all businesses, there are many for which careful thought can realise genuine – and significant – savings. The first question – for the smaller business – is whether or not to register voluntarily for VAT. Where work is predominantly ‘B2B’ in nature, registration is…

Read More