What is VAT and the importance of VAT awareness

In this short video, Iain Johnston, VAT Specialist at Martin Aitken & Co, provides an introduction to VAT and explains why businesses and charities need to ensure that they deal with this tax correctly.

If you have any queries, or if you are unsure about any issues relating to VAT, you can get in touch with Iain directly by email This email address is being protected from spambots. You need JavaScript enabled to view it. or by giving him a call on 0141-272-0000.

What's covered in this video?

• What is VAT and where does it apply?
• The importance of understanding the your organisations VAT position with regard to purchases and expenditure. 

This is the first video in a series of six short VAT explained videos >view all

Other videos that you may find useful in our VAT video series, include:

• Reclaiming input VAT
• When do the different rates of VAT apply: zero rate & reduced rate?
• Are charities reclaiming all the VAT they are entitled to (including grants vs service contracts and the correct VAT treatment)?
• VAT and land & buildings - the option to tax explained.
• The new construction industry reverse charge (from 1 October 2019).