Hi,
I recently got my Ltd company VAT regd under FRS. I've gone through IT contractor guide to Flat Rate VAT :: Contractor UK but I have few basic doubts on VAT.
1. Can anyone please provide me any guide/link on VAT basics and details
2. What are the VAT exemptions I'm eligible for? like If I buy a laptop or any equipment for business, will I get VAT exemption?
3. I pay to my accountant with VAT%. Should I pay VAT or will I get exemption there as well where I get professional services?
4. is there any limitation on how long (minimum period) do I need to run my company to be fully VAT compliant?
Thanks
I recently got my Ltd company VAT regd under FRS. I've gone through IT contractor guide to Flat Rate VAT :: Contractor UK but I have few basic doubts on VAT.
1. Can anyone please provide me any guide/link on VAT basics and details
2. What are the VAT exemptions I'm eligible for? like If I buy a laptop or any equipment for business, will I get VAT exemption?
3. I pay to my accountant with VAT%. Should I pay VAT or will I get exemption there as well where I get professional services?
4. is there any limitation on how long (minimum period) do I need to run my company to be fully VAT compliant?
Thanks
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