What Is a VAT Group and Should You Join One?

Key takeaways

• VAT groups provide a unified approach to manage VAT responsibilities, functioning as one taxable entity.
• To be eligible for registration, businesses must meet criteria related to ownership and control, distinct business premises, and fixed establishment in the applicable country.
• The advantages of group registration include streamlined returns & administrative savings. Disadvantages may include time limits on filing returns & increased costs.

Source Taxually

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