Discover why 170 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
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More Than Just Accountants
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Get in touch today to discover how Nordens can revolutionize your business.
Discover why 170 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Accounting
• Auditing
• Bookkeeping
• Business Turnaround
• Capital Gains
• Company Tax Returns
• Construction Industry Scheme
• Corporate Finance
• Digital Transformation
• Enterprise Investment Scheme
• HR Services
• Inheritance Tax
• Management Accounts
• Payroll
• Seed Enterprise Investment Scheme
Discover why 170 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 170 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 170 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Get In Touch
02085300720
enquiries@nordens.co.uk
The Retreat, 406 Roding Lane South, Woodford Green, IG8 8EY
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Complete your VAT calculations here quickly and simply. Enter the amount of VAT you want to add or subtract on the calculator. This will then instantly provide you with your own ‘forwards’ or ’backwards’ VAT element. The standard rate of VAT in the UK in 2019 is 20%.
Businesses registered for VAT must pay HMRC a specific percentage of the income they receive from ‘taxable supplies’. This includes the selling of assets, business sales, and commission.
Multiply the net amount by 1 + VAT percentage (i.e. multiply by 1.15 if VAT is 15%) and you’ll get the gross amount.
You’ll need to pay a certain amount of VAT to HMRC, even if you didn’t charge VAT to your customer. This is why it’s crucial you know a) what goods or services to charge VAT on, and b) how much VAT needs to be charged.
Adding VAT is fairly straightforward. But what if your price already has VAT added and you need to work out the original value? This is where calculating VAT ‘backwards’ comes in.
Divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15)
Unfortunately, working out VAT backwards isn’t quite as simple, so it’s always best to double check against handy online calculators at all times.
It is difficult to clearly determine the true origins of Value Added Tax.
It is officially recognised that the concept of VAT was first presented on April 10, 1954 by French engineer Maurice Laure.
It is worth mentioning, however, that this system was also mentioned by the son of the telecommunication magnate Dr. G. von Siemens in his works from 1920.
A tax of similar construction was also introduced in Norway in 1940 with a rate of 10%.
It is known, however, that since the inception VAT has become a very important tool of taxation and to this day is a significant source of income for many modern economies.
Over the years, VAT has been gaining popularity.
It was introduced successively in many economies around the world, eg Denmark (1967), United Kingdom (1973), Mexico (1980), China (1984), New Zealand (1986), Canada (1991), Australia ( 2000) or India (2005).
The increased interest in this form of taxation probably resulted from its two basic advantages:
1: VAT charges consumption, not production.
2. In contrast to the tax on profits, VAT is relatively insensitive to economic crises.
Right now, VAT faces a significant crossroad. With mass digitalisation, the economy faces both opportunities and obstacles ahead.
In the near future, authorities can utilise Big Data and Artificial Intelligence analytics in the struggle against fraud and tax avoidance.
Using these innovations also brings a more efficiently run process for taxpayers too.
However, digital business structures also provide challenges to the tax authorities, which many countries are already exploring now.
The ever-increasing trend of e-commerce, the huge rise in digital content sales, the ability to create strong anti-fraud measures, and the development of VAT management – have vast repercussions on VAT regulations and means that the future is shrouded in mystery.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
Voted as EXCELLENT - 9.9 out of 10 based on 170 reviews
Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.
Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!
Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.
In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Mark Norden
Founder
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
At Nordens, we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters in the big bad world of business. That way, you can stay one step ahead!
Call: 0208 530 0720
Email: enquiries@nordens.co.uk
Interested In Nordens? Give us a call on 0208 530 0720 or or request a direct call back anytime between 8:00am to 6:00pm!
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© Nordens Limited 2001 - 2019
Nordens is a trading name of Nordens Limited, a limited company registered in England under company number 04709951. Our registered office is: The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.
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