PBKS 4U provide service of VAT

Value Added Tax We provide the services of vat in the business concern because for normal persons or end-users of products and services cannot recover VAT on purchases, but business are able to recover VAT on the materials and services that they buy to make further supplier or services directly or indirectly sold to end-users. In this way, the total tax levied at each stage in the economic chain of supply is a constraint fraction of the value added by a business to its products, and most of the cost of collecting the tax is borne by business, rather than by the state.VAT was invented because very high sales taxes and tariff encourage cheating and smuggling. Critics point out that it disproportionately raises taxes on middle-and low income homes.

The value added tax system deals with these problems quite efficiently. As VAT is imposed on value addition â€" at every single stage â€" there is no incidence of cascading. In this way, the final consumers bear the burden of paying value added tax. We provide this facility that system involves absolute transparency at every stage of taxation, thereby making the tax system quite comprehensible and simple. It is only the fundamental of supply and demand. Either the demand curve shifts leftward, or the supply curve shifts upward. We provide the current information about the VAT and the rules made update for you, we also provide the methods to easy compute VAT these methods are given below:--

• The Subtraction method: ---- The tax rate is applied to the difference between the value of output and the cost of input.
• The Addition method: ---- The value added is computed by adding all the payments that is payable to the factors of production (viz., wages, salaries, interest payments etc).
• Tax credit method: ---- This entails set-off of the tax paid on inputs from tax collected on sales.

We also provide an efficient cost effective VAT service, which includes: ----

· Assistance with VAT registration

• Use of the most appropriate scheme
• VAT control and reconciliation
• Help with completing VAT returns
• Planning to minimize future problems with Customs and Excise
• Negotiating with Customs and Excise in disputes and representing you at VAT tribunals.

For more information please visit. http://www.pbks4u.co.uk

For more information please visit. http://www.pbks4u.co.uk

Article Source:http://www.articlesbase.com/accounting-articles/pbks-4u-provide-service-of-vat-1394936.html

---

Orignal From: PBKS 4U provide service of VAT