VAT is a tax that effects everyday life as well as the business administration you have to comply with in a modern business?

You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.

Compliance with VAT is complex. Investigations by tax inspector can be intense and have big consequences. Therefore it is extremely important that your VAT returns are completed correctly and on time.

When a business has insignificant vatable inputs, perhaps because it is based at home, the VAT flat rate scheme may be attractive, especially when a 1% discount is given in the first year of registration.

We offer several levels of support from a complete VAT Services of managing all the VAT obligations for you, through to an overview services to ensure you have been able to complete and manage the tasks required, and avoid any issues with HMRC.

We can assist with:

  • Preparation of quarterly VAT returns
  • Quarterly partial exemption calculations (including annual summary)
  • VAT health check
  • Applying for VAT registration
  • Advice on the VAT schemes suitable to your business
  • VAT planning
  • Dealing with any disputes that arise with customs
  • Attendance at VAT inspections