How to save on VAT on your business utilities bill
shared by SmarterBusiness on Jan 30
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VAT is naturally applicable to business utilities, together with other levies and taxes. The usual rate of VAT is 20%.
However, some organisations qualify for discounts and a reduced VAT amount, s...
uch as those with low energy consumption, not-for-profit organisations, and organisations whose energy consumption is predominantly domestic use.
Reduced VAT should be automatically incorporated into your energy bill, but this is something that should be checked regularly to ensure that the correct discounts are being applied. This is often where an external consultant can help.
Does your business qualify for a VAT discount? Read this infographic from Smarter Business to find out.
Source
https://smar...ess.co.uk/Category
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