The Secrets of Value Added Tax: The VAT Basics You Need to Know! (VAT Series: Video 3)

The Secrets of Value Added Tax: The VAT Basics You Need to Know!
As a business owner, it can be overwhelming to keep up with all the information you need to know, but understanding VAT is crucial for the success of your business.

In this video, I'll discuss the basics of VAT that every small business owner needs to know.

Join me as I break down the fundamentals of VAT in a simple and easy-to-understand way.

Whether you're just starting out or looking to refresh your knowledge, this video will provide you with all the information you need to ensure you're not making any costly mistakes when it comes to VAT.

MDH Accountants is an award-winning firm based in Accountants Surrey and Accountants London. Our Director Michael Hemme is known as the Wealth Whisperer!

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Time Stamps: 

00:00 - Intro
00:28 - What is VAT?
00:58 - VAT registration and threshold
01:29 - What is a VAT certificate?
01:57 - Let’s talk about VAT returns
02:23 - Output tax and input VAT
03:10 - Does VAT have benefits?
04:06 - When do you NOT need to VAT register?
05:20 - Pricing within your VAT-registered business
07:57 - Making tax digital

Resources:

Contact Us & Book a Meeting 

Book A Call

Business Growth Book

Tax Saving:
74 Ways To Pay Less Tax

Funding: A Free Guide for Business Owners in The UK:
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Content ID Code 3ROVYE5JBYT5YPBK

[MDHAccountants.]

UPDATE: From 1 April 2024, the VAT registration and deregistration thresholds will each increase by £5, 000 to £90, 000 and £88, 000! The VAT rates have not changed, and the standard rate continues to be set at 20%.

[MDHAccountants.]

Thank you for watching! As always, please feel free to share your thoughts with me and let me know what other topics you would like me to cover in the future!