With our experienced staff, we can make VAT simpler for you and help you to complete your VAT returns accurately.
Value Added Tax (VAT) is charged on most goods and services supplied by VAT registered businesses in the UK. It is also charged on goods, and some services, that are imported from countries outside the European Union (EU), or brought into the UK from other EU countries. VAT is applicable when your sales exceed a certain limit.
As well as normal business records, if you are a VAT registered business, you need to keep additional records: the VAT account, VAT sales and purchase invoices and import and export documentation. If your turnover is in excess of the registration limit you also have to comply with Making Tax Digital (MTD) for VAT.
We will help you ensure that you are charging VAT at the correct rate on all of the sales that you make within the UK.
This applies unless they are either exempt from VAT or outside the scope of UK VAT.
With our specialist knowledge and expertise, we can establish whether can you use cash accounting or special schemes, what private deductions can be taken into account, and whether you can de-register without negative implications.
VAT returns can be monthly, quarterly, or even annually, and we will prepare these for you whilst carrying out your quarterly bookkeeping. We can also handle complex queries which arise from time to time.