Glossary

 

Zero-Rated
Denoting goods on which the buyer pays no VAT although the seller can claim back any tax he/she has paid.

These include some food items, newspapers, magazines and books, medicine and children’s clothing.

Zero-Rated Business
A business that only supplies zero-rated goods and services. It does not charge VAT to its customers but it receives a refund of VAT on goods and services it purchases.

Where We Work

Tayfield House
38, Poole Road
Westbourne
Bournemouth
Dorset, BH4 9DW

  • Tel: 01202 755600
  • Fax: 01202 755744
  • Email: enquiries@asfb-uk.co.uk

Member of the Certified
Public Accountants
Association  (CPAA)

Additional Services

  • Budget planning & cashflows
  • VAT & Inland Revenue enquiries
  • Bank & investor financial reports
  • Property portfolio management
  • Representation at meetings with:
    • VAT
    • Inland Revenue
    • Local Authorities
    • Government Agencies
    • Banks

Business Sector Expertise

  • Building & construction
  • Charities
  • Conference & entertainment
  • Fast food
  • Hotels & hospitality
  • Housing associations
  • Legal & professional
  • Manufacturing
  • Property management
  • Rest homes
  • Retail
  • Technology
  • Tradesmen