By Michael Ni
New EU VAT rules for online businesses is an unwelcome hangover to many e-commerce vendors, especially those no longer able to take advantage of the UK EU VAT exemption if they company earned below a certain threshold.
By Sarah Barron
As business output picks up, so does the VAT that must be processed and paid. Fortunately, a few simple housekeeping tips can help avoid unnecessary charges.
Because of VAT’s ever-changing nature, one in three small businesses are not reclaiming money. A deeper understanding of VAT, however, could save you hundreds of pounds each year.
