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Chartered Certified Accountants and Registered Auditors
020 8866 7062
At Jon Avol Waterfords we can advise companies in the Pinner 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 Pinner area and would like further advice on VAT group registration, please contact Jon Avol Waterfords.
Regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants.