VAT Services
VAT Services
If your business is VAT registered, navigating the complexities of VAT returns can be challenging. We take the stress out of VAT compliance by handling everything from record-keeping to timely submissions, ensuring you meet HMRC deadlines and avoid costly penalties.
VAT services available
Whether you are already VAT registered, worried that you should be or need to check the VAT rules on a particular transaction our team are here to assist.
We can help you deal with all VAT-related issues, including VAT planning, registering or de-registering for VAT, HMRC investigations, maximising VAT opportunities and reliefs and mitigating VAT penalties.
We advise on all aspects of VAT, including property transactions, Furnished Holiday Letting, the Tour Operator’s Margin Scheme (TOMS), buying and selling businesses and the Second Hand Car Margin Scheme.
The UK’s departure from the EU added another layer of VAT complexity, particularly for those importing goods into the UK. and we have been helping many businesses ensure they are reclaiming all of their VAT.
In addition, the construction sector had to cope with significant changes when the CIS VAT reverse charge was introduced on 1 March 2021, and this has been something we have been advising our clients with.
Registering for VAT
We can help you to comply with all the rules regarding registration – for instance, when you need to register, whether you need to register and the recovery of VAT on pre-registration costs.
We can advise you on flat-rate schemes and whether they are right for your business, disaggregated businesses and issues with registration.
Record keeping for VAT
All VAT-registered businesses In the UK must maintain their accounting records digitally under Making Tax Digital for VAT. Take a look at our digital accounting services to see how we can help you choose the right software, set it up, and train you on how to use it.
As well as the main record-keeping system, there are rules on what goes on a Sales invoice and how to record the details, and we can help you get all of this set up correctly.
VAT on Imports
Importing goods into the UK? Understanding how to account for VAT correctly is essential to ensure compliance and avoid unexpected costs.
Our expert team can help you navigate VAT on imports, ensuring your records are accurate and your VAT returns are correctly processed.
VAT Penalties
HMRC introduced a new penalty regime in November 2022 and it’s important that you know the risks of late returns and payments. A good IT system can help you avoid this by keeping everything up to date
Access VAT services
Take the hassle out of VAT! Let us handle your records, ensure compliance, and keep your finances running smoothly.
Contact us today for expert support and peace of mind.
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