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M J Grainger and Co

12 - Dec - 2014

Professional Accountants in the West Midlands...



Value Added Tax (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 another business or to a non-business customer.

When VAT-registered businesses buy goods or services they can generally reclaim the VAT they've paid.

There are three rates of VAT, depending on the goods or services the business provides. The rates are:

  • standard - 20 per cent
  • reduced - 5 per cent
  • zero - 0 per cent

There are also some goods and services that are:

  • exempt from VAT
  • outside the UK VAT system altogether

MJ Grainger and co provides an efficient cost effective VAT service, which includes:

  • Assistance with VAT registration
  • Help with completing VAT returns
  • Negotiating with Customs and Excise in disputes and representing you at VAT tribunals
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • Planning to minimise future problems with Customs and Excise
  • VAT control and reconciliation

Contact us

Tel: 01384 567555
Fax: 01384 567990

Click here to send us an e-mail.

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