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This scheme allows a VAT registered business with a turnover of less than £150,000 (excluding VAT) per annum to pay a fixed percentage of its turnover to HMRC every 3 months. [36] The scheme is designed to reduce red tape for small business and allow new companies to keep some of the VAT they charge to their customers. [37]
Anyone who collects VAT becomes a VAT Trustee if they: register and collect a Business Identification Number (BIN) from the NBR; submit VAT returns on time; offer VAT receipts; store all cash-memos; and use the VAT rebate system responsibly. VAT Mentors work in the VAT or Customs department and deal with trustees. The VAT rate is a flat 15%.
A value-added tax identification number or VAT identification number (VATIN [1]) is an identifier used in many countries, including the countries of the European Union, for value-added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES [2] website. It confirms that the number is currently ...
Visas issued by the UK Home Office are being switched to digital systems in the new year. This means that most government-issued documents that confirm a person’s immigration status will expire ...
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The visa policy of the UK also applies to the Crown dependencies of Guernsey, Jersey and the Isle of Man, which each operate their own immigration enforcement and have separate work permit systems. [1] [2] [3] The visa policy does not apply to any of the British Overseas Territories, who generally apply their own visa policies.
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The then Home Secretary, Theresa May, announced the abolition of the UK Border Agency on 26 March 2013, with the intention that its work would be returned to the Home Office. [1] The agency's executive agency status was removed, and internally it was split, with one division responsible for the visa system and the other for immigration ...