According to the UK’s corporate and tax laws, every registered business is required to be registered for VAT and to submit VAT returns if they are earning above the set annual threshold. Currently, this threshold is £85,000, and businesses earning equal or above this limit are legally bound to get them registered for VAT to get the benefit of input and output VAT claims. The procedure of vat registration and preparation of returns is quite complex and time taking. In this regard, outsourcing vat registration and return services in London will be beneficial in multiple ways.
Link To The Article:https://weaccountaxblog.blogspot.com/2020/12/top-benefits-of-outsourcing-vat.html
