VAT

The Fish Partnership offers a wide range of services to assist clients with handling their VAT affairs.

Whether it’s assisting with your registration, helping you complete quarterly returns or advising on partial exemption or planning, The Fish Partnership is well placed to be of assistance to you.

Value Added Tax (VAT) is charged on most business-to-business and business-to-consumer transactions in the UK, and on goods and some services imported from other European Union (EU) countries and from outside the EU.

The tax is charged to a buyer by a VAT-registered seller. It is reclaimed by a VAT-registered buyer after goods and services are purchased. VAT registration is required if turnover for the previous 12 months is over a specific limit.

If you are registered for VAT, you must keep certain business records as well as records of sales and purchases. Our experienced team of tax advisers would be pleased to meet with you to discuss how they could be of assistance to you.

For more information on how to pay VAT, please click here. For more about VAT rates and thresholds for the tax, please refer to our tax tables.