Kraken Business

Category: VAT

  • Introduction to VAT

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    VAT is a tax that’s charged on most goods and services that VAT-registered businesses provide in the UK. It’s also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business sells to either…

  • How to complete your VAT Return box by box

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    Team Kraken

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    At the end of each VAT period – usually every three months – you need to complete a VAT Return. A VAT Return tells HM Revenue & Customs (HMRC): This guide explains in detail how to complete your return if you are not on the Flat Rate Scheme. How to complete your VAT Return You…