Chartered Management Accountants | Milton Keynes
VAT grouping occurs where two or more corporate bodies, usually companies or limited liability partnerships are treated as a single taxable ‘person’ for VAT purposes. A VAT group is treated in the same way as a single company registered for VAT on its own.
In general, the members of the group each have to have an establishment in the UK and be under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.
An application may be made for VAT group treatment by completing form VAT51. Further information may be found in VAT Notice 700/2 (group and divisional registration).
Please contact us for further information.
Advantages of group registration are:
As with most other areas of the tax system, VAT Groups are subject to detailed anti-avoidance provisions.
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