VAT Return

A VAT return is a form you file with HMRC, usually four times a year, to show how much VAT you are due to pay them. If you’re not registered for VAT, you won’t file VAT returns. The VAT return shows the calculation of the amount of VAT due on sales minus the amount of…

Variable Costs

A variable cost is a corporate expense that changes in proportion to production output. Variable costs increase or decrease depending on a company’s production volume; they rise as production increases and fall as production decreases. Examples of variable costs include the costs of raw materials and packaging.

VAT Reclaim

You can usually reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT. You must keep records to support your claim and show how you arrived at the business proportion for…

VAT

The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.

Venture Capital

Venture capital is a type of funding for a new or growing business. It usually comes from VC firms that specialise in building high risk financial portfolios. The venture capital firm gives funding to the startup company in exchange for equity in the startup.

Join Us