Under-charging VAT is one of the most common – and costly – mistakes we see from small business owners. And the tricky part? Most people don’t realise they’re doing it. VAT isn’t just about whether you’re registered. It’s about what you’re charging VAT on, when you should be charging it, and how costs are passed
Tag Archives: VAT mistakes
Welcome to the world of VAT. It might not be the most thrilling topic, but it’s essential for businesses like ours. Let’s dive in and make sense of it together. Ready? So, what exactly is VAT? Well, think of it as that sneaky little tax added onto most goods and services by businesses like ours.