You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
0117 330 8510
Advantages and disadvantages of VAT grouping.
At Tony Dicker we can advise companies in the Bristol area about group VAT registration. Here are some of the issues to consider.
VAT grouping occurs where two or more companies or limited liability partnerships (LLPs) are treated as a single taxable “person” for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
An unincorporated body, such as a sole trader or partnership, is also permitted to join a VAT group provided it makes taxable supplies and controls one or more companies or LLPs.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
Advantages of group registration are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
If you’re based in the Bristol area and would like further advice on VAT group registration, please contact Tony Dicker.
25 Sep 2020
Business groups have broadly welcomed the extended business support measures announced in the Chancellor of the Exchequer's Winter Economy Plan.
24 Sep 2020
A new emergency jobs scheme will be introduced to protect jobs during the coronavirus (COVID-19) downturn this winter, Chancellor Rishi Sunak has announced.
The UK's recovery from the Covid-19 lockdown was losing momentum even before the announcement of new restrictions to control the spread of the virus, according to the latest data.