You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
0141 221 7446 - email@example.com -
Advantages and disadvantages of VAT grouping.
At Gerber, Landa & Gee we can advise companies in the Glasgow 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 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.
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 Glasgow area and would like further advice on VAT group registration, please contact Gerber, Landa & Gee.
Why not register to receive our Monthly Newswire?
Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up now
13 Sep 2019
The UK's tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report from the Institute for Public Policy Research (IPPR).
It is clear to see that cloud accounting is the way forward: its ease of use, accessibility and cost effectiveness ensures that it remains a popular choice for many businesses.