Heighten Accountants
Business expenses can be a valuable tool for saving taxes and increasing profitability for your business. As a profit-centric business owner, it is crucial for you to understand the various expenses you can deduct from your business to reduce tax liabilities.
The VAT registration system serves as a means for your businesses to comply with tax obligations and collect VAT on behalf of the government.
Under this system, businesses meeting certain criteria are required to register for VAT with HM Revenue and Customs (HMRC).
