VAT services

Navigate VAT with Confidence

What is VAT?

Value-added tax (VAT) is a tax added to most products and services sold by VAT-registered businesses. VAT must be paid by a limited company when their business reaches the threshold of £85,000 in turnover.

Many businesses find VAT tricky to navigate and feel the tremendous administrative burden of working through the complex responsibilities and regulations as a VAT-registered business. Mistakes can also be costly – there is a rigid system of penalties and interest charges for errors in calculating VAT, and late submissions of returns.

This is why it is important to work with an accountant who fully understands VAT and can make the process of knowing what you owe, and when you owe it, totally stress-free.

How we can help

We have a team of experts who can ensure accuracy, efficiency, and peace of mind when it comes to VAT. You can trust us to make sure your payments and returns are fully compliant and filed correctly and on time.

Registration

We can help you to understand VAT and can seemlessly handle your VAT registration process, selecting the VAT scheme most appropriate your business. Rely on our in-depth and up-to-date knowledge and experience in VAT matters.

Bookkeeping

We provide a comprehensive bookkeeping and VAT accounting service where we keep your VAT affairs in order, and ensure you’re collecting the right amounts for each transaction. We can offer crucial advice throughout the tax year to save you time and frustration.

VAT returns

VAT returns are used to calculate the amount of VAT a business has charged, and the amount it has paid – usually every 3 months (but this can be tailored to your business when appropriate). Trust us to handle your VAT returns and reporting with accuracy and efficiency, ensuring your financial records align with VAT regulations.

We can help you to work out:

1. When you owe money to HMRC – if you’ve charged more VAT than you’ve paid, you must pay the difference to HMRC.

2. When you can reclaim VAT – if you’ve paid more VAT than you’ve charged to customers, HMRC will usually repay you the difference.

Our services

We can advise on:

• The pros and cons of voluntary registration
• The timing of compulsory registration
• Registration for companies below £85,000 threshold
• Extracting maximum benefit from the rules on de-registration
• Partial exemption
• Timing and delaying VAT payments
• Flat rate VAT schemes
• VAT on imports and exports
• VAT control visits by Customs and Excise

VAT precision, business success: choose our expert guidance

 Contact Us today for a VAT health check and to see how we can relieve you of the burden.