Accountancy & Business Advisory Services
Value Added Tax
Value Added Tax (VAT) is a tax you must pay when buying goods or services. If your business has a turnover higher than £85,000, it should register for and collect VAT at source on its products/services. It must also file quarterly returns with HMRC every three months – otherwise, there might be penalties!
How We Can Help You With VAT
VAT Registration
We can help you determine if your business should register for VAT and register you with HMRC. We can check to see if voluntary registration will save your business money or provide benefits in the long term for growth.
We will also assess the benefits of registering your business under a specific VAT scheme.
Monthly VAT Returns
We can help you register your business for VAT and with the preparation and submission of your VAT returns.
All the VAT registered companies are required to file a periodic VAT return. VAT returns calculate how much VAT must be paid to or reimbursed by HMRC. VAT returns are submitted every three months. During this period, all taxable transactions are reported, and any VAT liability or refund is calculated.
Making Tax Digital (MTD) is changing how UK firms manage their taxes. VAT-registered companies must now maintain records and digitally submit their VAT returns, as required by the MTD program.
QuickBooks is certified by the Association of Chartered Certified Accountants (ACCA) and MTD approved.
We’ll file your VAT returns for you and provide VAT guidance and support as needed.
VAT Advice
We offer VAT registration services, prepare and submit your VAT returns, and offer advice We can help you avoid penalties for inaccurate returns and help you identify risks by reviewing your current procedures. By undertaking checks and seeking advice, you can demonstrate to HMRC that you care and evaluate your VAT processes. We can help you:
- Review and check your records
- Test for common errors
- Statistically analyse VAT returns
- Check the completion of VAT returns
- Compare VAT returns against your annual accounts
- Check the VAT treatment of your sales
- The application of rules for VAT schemes
- VAT planning opportunities
VAT Planning
We can use the advantages of any reliefs made available and the interpretation of the regulations.
Compliance with VAT is becoming ever more complex, so it is vital you engage an accountant who understands the rules.
We can help you with VAT:
- VAT registration forms
- VAT schemes suitable for your business
- VAT returns and training
- VAT planning
- Dealing with any contentious disputes
- Attendance at VAT inspections
How We Can Help You With VAT
VAT Registration
We can help you determine if your business should register for VAT and register you with HMRC. We can check to see if voluntary registration will save your business money or provide benefits in the long term for growth.
We will also assess the benefits of registering your business under a specific VAT scheme.
Monthly VAT Returns
We can help you register your business for VAT and with the preparation and submission of your VAT returns.
All the VAT registered companies are required to file a periodic VAT return. VAT returns calculate how much VAT must be paid to or reimbursed by HMRC. VAT returns are submitted every three months. During this period, all taxable transactions are reported, and any VAT liability or refund is calculated.
Making Tax Digital (MTD) is changing how UK firms manage their taxes. VAT-registered companies must now maintain records and digitally submit their VAT returns, as required by the MTD program.
QuickBooks is certified by the Association of Chartered Certified Accountants (ACCA) and MTD approved.
We’ll file your VAT returns for you and provide VAT guidance and support as needed.
VAT Advice
We offer VAT registration services, prepare and submit your VAT returns, and offer advice We can help you avoid penalties for inaccurate returns and help you identify risks by reviewing your current procedures. By undertaking checks and seeking advice, you can demonstrate to HMRC that you care and evaluate your VAT processes. We can help you:
- Review and check your records
- Test for common errors
- Statistically analyse VAT returns
- Check the completion of VAT returns
- Compare VAT returns against your annual accounts
- Check the VAT treatment of your sales
- The application of rules for VAT schemes
- VAT planning opportunities
VAT Planning
We can use the advantages of any reliefs made available and the interpretation of the regulations.
Compliance with VAT is becoming ever more complex, so it is vital you engage an accountant who understands the rules.
We can help you with VAT:
- VAT registration forms
- VAT schemes suitable for your business
- VAT returns and training
- VAT planning
- Dealing with any contentious disputes
- Attendance at VAT inspections