You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
+44 (0)1243 781234
Advantages and disadvantages of VAT grouping.
At Blue Spire we can advise companies in the Chichester & Brighton 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 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.
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 Chichester & Brighton area and would like further advice on VAT group registration, please contact Blue Spire.
03 Apr 2020
A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).
Why not register to receive our Monthly Newswire? Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up today »