Things You Need to Know about Vat Consultancy Services
If you have a business and the value of your taxable supplies, goods, and services supplied in Dubai, then you must register for VAT with HM Revenue and Customs. This is known as compulsory registration. If your business does not make taxable supplies more than the above threshold, then it follows that you do not have to register for VAT. Though, you may wish to register for VAT on a voluntary basis for a number of reasons.
The main advantages of voluntary registration:
If you are charging business clients who are VAT registered themselves (not the general public), then if you choose to register for VAT this will represent “money in your pocket”, as you can claim the VAT back on some or all of your purchases. Your customers will not mind as they can recover all the VAT back you charge them on your invoices. When making a purchase, always ask for a VAT invoice as this can then be used...