Tag: accountingfortax

What is Tax Group (VAT) & What are Implications – All Basic Info

Tax - Vat

Tax grouping for VAT purposes is an administrative easement available to businessesand a revenue protection measure for government: Creating a tax group has the effect of registering a single taxable person. A tax group is issued one VAT Tax Registration Number (TRN) for use by allgroup members, and only one tax return is required for […]