What is National Insurance?

What is National Insurance? National Insurance is basically a tax which is paid by the citizens of a country on their earnings & self-employed income. Paying these tax means you are contributing to state benefits like the maternity allowances and state pension....

Should I Voluntarily Register for VAT

In the present time, VAT Registration is the hot topic of discussion in business world. Businesspersons are confused whether they should register for VAT or not? VAT (Value Added Tax) is charged for almost everything we purchase or sell. For 2017-18, the threshold of...

A Guide to Value Added Tax

A Guide to Value Added Tax Most of you must have heard about VAT, whether you like it or not. But what most are ignorant about, is what makes VAT necessary, or how it works. It is important to know everything about VAT if you are a business looking to levy VAT upon...