We regularly advise clients on how VAT should be correctly applied or claimed. Being able to lean on our expertise as and when you need it can save you from making an expensive mistake.
VAT Services
VAT Registration
Compulsory, if your turnover is expected to exceed £85k we can help you register your business for VAT, choosing the most beneficial scheme from Standard, Cash or Flat Rate. While setting the correct quarter dates to align with your financial period. We can also advise on voluntary VAT registration if it would benefit your business.
Vat Returns
Once registered we will help set-up your cloud bookkeeping software (QuickBooks & Xero) to submit MTD compliant VAT returns online. We can also offer a full cloud based bookkeeping service (link to Bookkeeping service page) to check and submit your quarterly returns for you. We’ll ensure your return is submitted on time avoiding HMRC’s late submission penalty of £200.
VAT Advice
VAT is possibly the most complex area of taxation. There are different rules for expenditure such as client entertaining and gifts. Different types of schemes such as the reverse charge scheme and then there’s the sale of digital products and determining the point of supply. We are here to help you get it right and get your return in on time!