Commentary

V7.167 Benefits and implications of group registration

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.167 Benefits and implications of group registration

Part V7 Tax planning | Commentary

V7.167 Benefits and implications of group registration

Once a group registration has been established, the following key advantages and implications will follow.

  1.  

    •     Only one return needs to be completed for each VAT period – however, there could still be considerable work involved in collating the figures submitted by each individual member of the group so it is important that the person completing the VAT return has good communication within the VAT group to ensure that all relevant figures are included on the consolidated return.

  2.  

    •     No VAT needs to be accounted for on supplies between group members – there

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