Nature of VAT

Q: What are the main differences between VAT and GST ? A: I’m not sure that I can give you a detailed reply to your question as I am not an expert on GST and can only comment on what I understand to be the main differences. Also we have to be a bit careful about...

VAT on Sales

Q: We have just set up a new company. We have ticket sales (for an event) of 15,000GBP (gross). How much VAT will be payable to HMRC at 15% VAT? A: Hi I’m assuming that the company is registered for VAT and that the event is a taxable event. There are some exemptions...

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