Header Bar
Welcome to UKtaxadvisors.com - We are regulated by The Chartered Institute of Taxation. Get your Accounts and Tax Return completed by qualified accountant from just £120!

How much VAT do I actually owe?

I am currently a silent partner of a business, my father being the other partner. We agreed that I will take charge of the VAT and payments thereof. Although we have an accountant he seems incapable of explaining in basic terms how to calculate VAT. Turnover for this year went above the threshold (73k) to around 102k. The business itself is a salon/spa, which as far as I know is taxed at the 13% VAT flat rate. Is it a simple case of 13% on 102k or 13% on all the income over 73k? Any UK tax expert advice would be much appreciated.

Leave a comment

 

Contact US

Please email us on info@uktaxadvisors.com

We are a team of tax advisers and accountants. Our role is to provide well thought through tax consultations and tax advice where applicable to you. We also provide a wide range of accounting and financial advice services.

Simply email us your requirements on info@uktaxadvisors.com or using the contact us page HERE and your request is addressed in a matter of minutes. .

Present your request in your own way– quick & easy. Make a short and clear, yet very informative request and this will be forwarded to the right department. An accountant or financial advisor or tax advisor will contact you to start a discussion to provide you a solution.

If you have any documents for Posting - please send us to our main office:

UKtaxadvisors.com
829 Birmingham New Road
Dudley
DY4 8AS
UK

If you have any queries or additional questions / comments please email us on info@uktaxadvisors.com

Contact Us UK Tax Advisors
Get your Accounts and Tax Return completed by qualified accountant from just £120!
Left hand side

Select    

captcha

Enter the Code above